Used as a chiral building block in the synthesis of pharmaceuticals, particularly in the development of neuroactive compounds and centrally acting agents. Its rigid bicyclic structure and defined stereochemistry make it valuable for designing drugs targeting the central nervous system, including potential applications in cognitive enhancers, antidepressants, or antiviral agents. The compound is often employed in asymmetric synthesis to introduce structural complexity and improve selectivity in drug candidates. Its ester functionality allows for further chemical modifications, enabling the preparation of amides, acids, or other derivatives critical in medicinal chemistry optimization.