Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of centrally acting agents. Its rigid bicyclic structure makes it valuable in medicinal chemistry for designing compounds with specific stereochemistry and improved binding affinity. Commonly employed in the preparation of dopamine and serotonin receptor ligands. Also utilized in the creation of novel psychoactive substances for research purposes. Its methoxy groups allow further functionalization, enabling diverse derivatization for structure-activity relationship studies.