Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of nicotinic acetylcholine receptor modulators. It plays an important role in the development of drugs targeting neurological disorders such as Alzheimer's disease, Parkinson's disease, and psychiatric conditions like depression and schizophrenia. Its rigid bicyclic structure provides selectivity and stability in drug molecules, enhancing binding affinity to target receptors. Also employed in the preparation of chiral building blocks for asymmetric synthesis in medicinal chemistry.