Used primarily in organic synthesis, this compound serves as a key intermediate in the development of pharmaceuticals, particularly in the creation of centrally acting agents. Its rigid bicyclic structure and functional groups make it valuable for designing molecules with specific stereochemistry and receptor selectivity. It is often employed in the synthesis of neuroactive compounds, including potential treatments for neurological disorders due to its structural similarity to known bioactive scaffolds. Additionally, it has been explored in medicinal chemistry for its role in enhancing metabolic stability and blood-brain barrier penetration in drug candidates.