Widely used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting the central nervous system. Its unique bicyclic structure makes it valuable for developing medications that interact with neurotransmitter systems, potentially aiding in the treatment of neurological disorders. Additionally, it is employed in the production of chiral catalysts, which are crucial for asymmetric synthesis in organic chemistry, enabling the creation of complex molecules with high precision. Its hydrochloride form enhances stability and solubility, making it suitable for diverse laboratory and industrial applications.