This chemical is primarily utilized in organic synthesis as a building block for the development of more complex molecular structures. Its unique bicyclic framework makes it valuable in the creation of specialized polymers and materials with tailored properties. Additionally, it serves as an intermediate in the synthesis of pharmaceutical compounds, particularly in the design of drugs targeting neurological and metabolic disorders. Its methoxycarbonyl and carboxylic acid functional groups allow for versatile chemical modifications, enabling its use in the production of fine chemicals and agrochemicals. Researchers also explore its potential in the development of novel catalysts and ligands for asymmetric synthesis.