Used primarily as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of tropane alkaloid derivatives. These compounds are important in the development of anticholinergic drugs, which are used to treat conditions such as Parkinson’s disease, motion sickness, and certain types of poisoning. The structure provides a rigid framework that mimics natural neurotransmitters, making it valuable in designing drugs that target the central nervous system. It is also employed in research for developing novel psychoactive substances and studying receptor binding mechanisms.