Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system agents. It serves in the preparation of selective enzyme inhibitors and receptor modulators due to its rigid, bicyclic structure that mimics natural neurotransmitter frameworks. Commonly employed in research settings for structure-activity relationship studies, especially in psychotropic and neurodegenerative disease drug discovery. Its stereochemistry enhances binding affinity in biological targets, making it valuable in optimizing lead compounds for improved potency and selectivity.