Used primarily as a key intermediate in the synthesis of pharmaceutical compounds, especially in the development of neuroactive agents and central nervous system modulators. Its rigid bicyclic structure and functional group positioning make it valuable in constructing complex molecules with high stereochemical control. Commonly employed in medicinal chemistry for building blocks in drug discovery, particularly for compounds targeting ion channels and receptors. Also utilized in research settings for exploring novel reaction pathways in organic synthesis due to its strained ring system and reactivity profile.