Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and biologically active compounds. Its structure supports the development of peptidomimetics and enzyme inhibitors due to the presence of a reactive ketone and ester functional group in a constrained ring system. Commonly employed in the synthesis of nootropic agents and cognitive enhancers, especially in the production of racetam-class derivatives. Also utilized in research settings for the development of novel neuroprotective and psychotropic drugs.