Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of bioactive molecules that target central nervous system disorders. Its rigid bicyclic structure enhances metabolic stability and improves blood-brain barrier penetration, making it valuable in medicinal chemistry for designing potent and selective drug candidates. Commonly employed in the preparation of fluorinated analogs to modulate lipophilicity, binding affinity, and pharmacokinetic profiles. Also utilized in agrochemicals and PET tracer development due to the presence of fluorine, which facilitates radiolabeling with fluorine-18.