Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system agents. It serves as a building block for bioactive molecules due to its rigid, polycyclic structure that mimics natural alkaloids. Commonly employed in the preparation of selective receptor modulators, including those targeting serotonin and dopamine receptors. Its derivatives are investigated for potential use in treating neurological disorders such as depression, anxiety, and schizophrenia. Also utilized in medicinal chemistry research for structure-activity relationship studies owing to its stereochemical complexity and ability to enhance binding affinity in drug candidates.