Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) active compounds. Its structure supports the formation of bioactive molecules that interact with neurotransmitter receptors, making it valuable in the production of antidepressants, antipsychotics, and other neuroactive drugs. The carbamate group allows for controlled release or improved stability of the active amine in drug candidates. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies due to its rigid bicyclic framework, which enhances selectivity and binding affinity.