Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of neuroactive compounds and nootropic agents. Its rigid bicyclic structure makes it valuable for constructing molecules with specific stereochemistry, enhancing binding selectivity to neurological targets. Commonly employed in the preparation of prodrugs and enzyme inhibitors due to its stability and favorable ring strain properties. Also utilized in medicinal chemistry for structure-activity relationship (SAR) studies involving central nervous system (CNS) therapeutics.