Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of centrally acting agents and neuroactive compounds. Its rigid bicyclic structure makes it valuable in medicinal chemistry for conformational restriction, helping to enhance selectivity and potency of drug candidates. Commonly employed in the preparation of serotonin and dopamine receptor modulators. Also utilized in asymmetric synthesis due to its chiral scaffold, supporting the production of enantiomerically pure drugs.