Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents. Its bridged bicyclic structure provides rigidity and stereochemical control, making it valuable in designing bioactive molecules. It is also employed in the preparation of novel amine derivatives for use in medicinal chemistry research, especially in structure-activity relationship (SAR) studies. The compound's unique oxygen-containing ring enhances solubility and influences metabolic stability in drug candidates.