Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of nicotinic receptor agonists and cognitive enhancers. Commonly employed in the development of drugs targeting neurological disorders such as Alzheimer's disease and schizophrenia. Also utilized in the preparation of chiral building blocks for fine chemicals and active pharmaceutical ingredients (APIs) due to its stereochemical properties. Its hydroxyl and amine functional groups allow for versatile chemical modifications, making it valuable in medicinal chemistry and drug design.