Used primarily in organic synthesis as a building block for pharmaceuticals and biologically active compounds. Its structure resembles tropane alkaloids, making it valuable in the development of central nervous system agents, including anticholinergics and neuroreceptor ligands. It serves as an intermediate in the preparation of drugs targeting neurological disorders such as Parkinson’s disease, depression, and schizophrenia. Also employed in the synthesis of novel analogs for structure-activity relationship studies in medicinal chemistry.