Used in pharmaceutical synthesis as a chiral building block for developing neuroactive compounds, particularly in the production of sigma receptor ligands and potential treatments for neurological disorders such as depression, anxiety, and neuropathic pain. Its rigid bicyclic structure supports high selectivity and binding affinity in receptor-targeted drugs. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies due to its stereochemical stability and ability to mimic bioactive peptide conformations.