Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of neuroactive compounds and central nervous system agents. Its rigid bicyclic structure and functional groups make it valuable for designing inhibitors or modulators of neurotransmitter receptors. Commonly employed in medicinal chemistry for structure-activity relationship studies, especially in optimizing drug candidates targeting neurological disorders. Also utilized in the preparation of chiral ligands and catalysts for asymmetric synthesis.