Used in pharmaceutical synthesis as an intermediate for developing bioactive compounds, particularly in the production of neuroactive agents and enzyme inhibitors. Its rigid bicyclic structure supports stereoselective reactions, making it valuable in designing drugs targeting central nervous system disorders. Commonly employed in the development of antiviral and cognitive enhancement agents due to its ability to mimic natural neurotransmitter scaffolds. Also utilized in chiral chemistry for asymmetric synthesis, where its stable configuration helps achieve high enantiomeric purity in final products.