Used in pharmaceutical research as a key intermediate in the synthesis of biologically active compounds, particularly in the development of central nervous system agents. Its structural framework supports the design of molecules with neurological targeting, making it valuable in creating potential treatments for neurological disorders. The compound's rigid bicyclic structure and functional group placement allow for selective interactions with receptors, enhancing drug specificity and efficacy. It is also explored in medicinal chemistry for optimizing pharmacokinetic properties in new drug candidates.