Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) that target central nervous system disorders. Its structure allows for selective modification, making it valuable in creating compounds with improved bioavailability and receptor specificity. Commonly employed in the preparation of tropane-based derivatives, which are important in medicinal chemistry for their biological activity, including anticholinergic and neuroactive properties. Also utilized in research settings for the design of novel drug candidates and in the optimization of synthetic routes requiring protected functional groups.