Used as a key intermediate in pharmaceutical synthesis, particularly in the development of central nervous system agents and psychiatric medications. Its rigid, bidentate structure makes it suitable for designing receptor-targeted drugs, including those acting on dopamine and serotonin receptors. Also employed in the preparation of chiral ligands for asymmetric catalysis, supporting the production of enantiomerically pure compounds. Additionally, it serves as a building block in the synthesis of advanced organic molecules for medicinal and agrochemical research.