Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system agents and cognitive enhancers. Shows potential in the creation of nootropic drugs due to its structural similarity to compounds that modulate neurotransmitter systems. Also employed in research settings for the design of novel heterocyclic compounds with biological activity. Its amine and carbonyl functional groups allow for easy derivatization, making it valuable in medicinal chemistry for building more complex drug-like molecules.