Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of centrally acting agents targeting neurological disorders. Its rigid bicyclic structure makes it valuable in medicinal chemistry for conformational restriction, enhancing selectivity and potency in drug candidates. Commonly employed in the preparation of serotonin and dopamine modulators. Also utilized in research settings for exploring novel psychoactive substances and as a building block in asymmetric synthesis due to its chiral scaffold.