Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its bicyclic structure is particularly valuable in the creation of compounds targeting the central nervous system, such as analgesics and anti-anxiety drugs. Additionally, it is employed in the development of anticholinergic agents, which are useful in treating conditions like Parkinson's disease and motion sickness. Its hydrochloride form enhances solubility, making it more suitable for formulation in drug delivery systems. Researchers also utilize it in the study of receptor-ligand interactions, aiding in the design of more effective therapeutic agents.