Used in pharmaceutical synthesis as a key intermediate for developing central nervous system agents, particularly in the production of analgesic and neuroactive compounds. Its structure supports binding to neurotransmitter receptors, making it valuable in drug discovery for pain management and neurological disorders. Also employed in the preparation of enzyme inhibitors and receptor modulators due to its favorable ring conformation and functional group positioning. Commonly utilized in research settings for designing novel therapeutics with improved bioavailability and target selectivity.