Used in organic synthesis as a chiral building block for pharmaceuticals, particularly in the development of central nervous system agents. Serves as an intermediate in the preparation of tropane-based compounds with potential neuroactive properties. Employed in research settings to explore ligands for neurotransmitter receptors, including those related to dopamine and serotonin systems. Also utilized in asymmetric synthesis due to its rigid bicyclic structure and functional handle for further chemical modification.