Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and analgesics. Its structure supports the creation of bioactive molecules due to the presence of both amine and hydroxyl functional groups in a constrained ring system, enhancing binding selectivity and metabolic stability. Commonly employed in the preparation of ligands for neurotransmitter receptors and enzyme inhibitors. Also utilized in medicinal chemistry research for scaffold modification and structure-activity relationship studies.