Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. Its structure is particularly valuable in the development of drugs targeting neurological disorders, where it helps in creating specific active molecules. Additionally, it is employed in the synthesis of complex organic compounds used in research and industrial applications, including the manufacture of polymers and resins that require precise chemical configurations. Its role in facilitating the formation of stable, cyclic structures makes it a crucial component in advanced material science projects.