Primarily utilized in organic synthesis, this compound acts as a key intermediate in the production of various pharmaceuticals. Its structure is particularly valuable in the development of quinuclidine derivatives, which are essential in creating drugs targeting the central nervous system. Additionally, it is employed in the synthesis of ligands for receptor studies, aiding in the exploration of biochemical pathways and drug discovery. Its methanesulfonate group enhances solubility, making it suitable for use in aqueous reaction conditions, thereby broadening its applicability in medicinal chemistry research.