Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of nicotinic acetylcholine receptor modulators. Its structure allows for selective functionalization, making it valuable in creating bioactive molecules for neurological research. Also employed in the preparation of pyrrolidine- and piperidine-based derivatives with potential cognitive-enhancing or neuroprotective properties. Commonly utilized in medicinal chemistry for lead optimization due to its conformational rigidity and favorable pharmacokinetic attributes.