Used primarily as an intermediate in the synthesis of pharmaceuticals, particularly in the development of neuroactive compounds. Its structure supports the creation of agents targeting central nervous system disorders due to its rigid bicyclic framework and functional groups that facilitate binding to neurological receptors. Commonly employed in research settings for designing enzyme inhibitors and receptor modulators, especially in studies related to cognition and memory enhancement. The ester group allows for improved lipid solubility, aiding in blood-brain barrier penetration, making it valuable in prodrug design. Also utilized in the preparation of chiral building blocks for asymmetric synthesis in medicinal chemistry.