Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents. Its structure supports the creation of bioactive molecules due to the presence of a hydroxymethyl group and a protected amine, allowing for selective modifications. Commonly employed in the preparation of tropane-based compounds, which are relevant in the design of receptor antagonists and enzyme inhibitors. Also utilized in medicinal chemistry for building blocks in the discovery of treatments for neurological disorders.