Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of bioactive molecules and central nervous system agents. Its structure allows for selective modifications, making it valuable in medicinal chemistry for creating novel drug candidates. Commonly employed in alkylation reactions due to the reactive bromoethyl group, enabling the formation of nitrogen-containing heterocycles. Also utilized in the preparation of pyrrolidine-based derivatives with potential cognitive-enhancing or neuroprotective properties.