Used primarily in organic synthesis as an intermediate for pharmaceuticals and biologically active compounds. Its structure supports the development of central nervous system agents, including potential cognitive enhancers and neuromodulators. Commonly employed in the preparation of nootropic drugs, particularly as a building block in racetam-class derivatives. Also utilized in medicinal chemistry for structure-activity relationship studies due to its amine functionality and lipophilic aromatic group. Serves as a reagent in the synthesis of chiral catalysts and ligands for asymmetric reactions.