Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of biologically active compounds targeting central nervous system disorders. Its rigid bicyclic structure and functional groups make it valuable for constructing potent and selective drug candidates. Commonly employed in medicinal chemistry for building nitrogen-containing heterocycles, it facilitates the creation of novel molecules with potential antipsychotic, antidepressant, or cognitive-enhancing effects. Also utilized in the preparation of enzyme inhibitors and receptor modulators due to its ability to mimic natural substrates and bind effectively to target proteins.