Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and other bioactive molecules. Its rigid bicyclic structure helps stabilize specific molecular conformations, enhancing selectivity and potency in drug candidates. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies due to the ease of introducing functional groups via the hydroxymethyl and carbamate moieties. Also utilized in the preparation of prodrugs and protecting group strategies in multi-step organic syntheses.