Used primarily as a key intermediate in the synthesis of pharmaceuticals, especially in the production of tropane alkaloid derivatives. It plays an important role in the development of central nervous system agents, including anticholinergics and treatments for neurological disorders. Its structural framework supports the creation of bioactive molecules with specificity for neurotransmitter receptors. Commonly utilized in research settings for drug discovery and optimization due to its rigid bicyclic structure, which enhances receptor binding selectivity.