Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents. Its rigid bicyclic structure makes it valuable in medicinal chemistry for designing selective ligands targeting neurotransmitter receptors. Commonly employed in the preparation of serotonin and dopamine modulators, it contributes to the activity and metabolic stability of drug candidates. Also utilized in the creation of novel psychotropic compounds and experimental treatments for neurological disorders.