Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of selective receptor modulators. Its structural complexity allows for high binding affinity and specificity in biological targets, making it valuable in drug discovery for central nervous system disorders. Commonly employed in research settings to optimize pharmacokinetic properties of lead compounds, especially those aiming at improved metabolic stability and bioavailability. Also utilized in asymmetric synthesis due to its chiral center, enabling the production of enantiomerically pure drugs.