Used primarily in pharmaceutical research as a synthetic intermediate for alkaloid-based compounds, particularly in the development of analgesic and psychoactive agents. Its structural similarity to tropane alkaloids makes it valuable in designing drugs that target the central nervous system, including potential applications in pain management and neurological disorder treatments. Also investigated for use in creating selective receptor ligands for dopamine and serotonin receptors. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies due to its rigid bicyclic framework.