This compound is primarily utilized in the field of organic synthesis as a building block for more complex molecules. Its unique bicyclo[1.1.1]pentane structure is particularly valuable in medicinal chemistry, where it is used to create rigid, three-dimensional scaffolds that can enhance the biological activity and stability of drug candidates. The methoxy group and carboxylic acid functional group provide reactive sites for further chemical modifications, making it versatile in designing novel pharmaceuticals, especially in the development of enzyme inhibitors or receptor modulators. Additionally, it has potential applications in materials science, where its rigid structure can contribute to the development of advanced polymers with specific mechanical or thermal properties.