Used as a key intermediate in the synthesis of biologically active compounds, particularly in the development of pharmaceuticals targeting central nervous system disorders. Its strained bicyclic structure with defined stereochemistry makes it valuable for constructing conformationally restricted analogs in medicinal chemistry. The acetyl group allows further functionalization, enabling incorporation into more complex molecules for structure-activity relationship studies. Commonly employed in research settings for designing novel therapeutics, especially where selective modulation of neurotransmitter receptors is required.