Used primarily as an intermediate in organic synthesis, particularly in the development of pharmaceutical compounds. Its structure supports the construction of complex nitrogen-containing molecules, making it valuable in medicinal chemistry. The hydroxymethyl and benzyl functional groups allow for further chemical modifications, enabling the creation of diverse derivatives for biological testing. It has been explored in research settings for potential applications in central nervous system agents and cognitive enhancers, due to its structural similarity to known nootropic compounds. Additionally, it serves as a building block in the synthesis of pyrrolidine-based drugs, where ring functionality and substituent positioning are critical for activity.