Used primarily as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic acetylcholine receptor modulators. Its rigid bicyclic structure and functional groups make it valuable for constructing biologically active molecules, especially those targeting the central nervous system. Commonly employed in the preparation of cognitive enhancers and potential treatments for neurological disorders such as Alzheimer's and Parkinson's diseases. Also utilized in medicinal chemistry for structure-activity relationship studies due to its stereochemical specificity and ability to mimic natural alkaloid frameworks.