Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) agents and cognitive enhancers. Its structure supports the creation of compounds with neuroactive properties, including those targeting neurotransmitter receptors or enzymes involved in brain function. Commonly found in research settings for designing nootropics and antidepressants due to its ability to influence cholinergic and monoaminergic systems. Also employed in the preparation of chiral building blocks for asymmetric synthesis in medicinal chemistry.