Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of neuroactive agents and central nervous system modulators. Its rigid bicyclic structure makes it valuable in medicinal chemistry for constructing selective ligands that interact with neurotransmitter receptors. Commonly employed in research settings to build complex heterocyclic systems, especially in the design of enzyme inhibitors and receptor antagonists. Also utilized in the preparation of protected amines for peptide-like structures, enabling controlled stepwise synthesis in drug discovery.