This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure, featuring a diazabicyclo[3.2.1]octane core, makes it a valuable building block for the development of drugs targeting the central nervous system. Specifically, it is often employed in the creation of compounds that interact with nicotinic acetylcholine receptors, which are implicated in cognitive and neurological disorders. Additionally, its benzyl carboxylate group allows for further chemical modifications, enabling the design of molecules with enhanced bioavailability and therapeutic efficacy. Researchers also explore its potential in the development of analgesics and anti-inflammatory agents due to its unique scaffold.