Used as a key intermediate in the synthesis of biologically active compounds, particularly in the development of central nervous system agents. Shows potential in the preparation of ligands for neurotransmitter receptors due to its rigid, polycyclic structure with defined stereochemistry. Employed in medicinal chemistry research for designing novel analogs with possible anxiolytic or antidepressant effects. Also utilized in the study of structure-activity relationships within fused ring aminocyclitols.