Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of centrally acting agents targeting neurological disorders. Its rigid bicyclic structure and functional groups make it valuable in medicinal chemistry for designing selective receptor modulators. Commonly employed in the preparation of dopamine and serotonin receptor ligands due to its favorable stereochemistry and ability to mimic bioactive conformations. Also utilized in the creation of peptidomimetics and enzyme inhibitors where structural constraint enhances metabolic stability and target specificity.