Used in the synthesis of pharmaceuticals, particularly as an intermediate in the production of cholinergic agents that target the central nervous system. It plays a key role in the development of drugs for cognitive disorders such as Alzheimer's disease due to its structural similarity to neurotransmitter molecules. Its rigid bicyclic framework enhances binding selectivity to nicotinic acetylcholine receptors, making it valuable in medicinal chemistry for designing nootropic and neuroprotective compounds. Additionally, it serves as a building block in the preparation of alkaloid analogs and in the discovery of novel therapeutics for neurological and psychiatric conditions.