Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of bioactive molecules and central nervous system agents. Its rigid bicyclic structure makes it valuable in medicinal chemistry for conformational restriction, helping to enhance selectivity and metabolic stability in drug candidates. Commonly employed in the preparation of nitrogen-containing heterocycles for use in neurological and psychiatric disorder research. Also utilized in asymmetric synthesis and catalysis due to its ability to serve as a chiral building block.