This chemical is primarily utilized in the field of medicinal chemistry and drug discovery. It serves as a key building block in the synthesis of complex organic molecules, particularly those designed for pharmaceutical applications. Its unique bicyclic structure makes it valuable for creating compounds with specific biological activities, such as enzyme inhibitors or receptor modulators. Additionally, it is used in the development of novel therapeutics targeting neurological disorders, cancer, and other diseases. Its incorporation into drug candidates enhances their pharmacokinetic properties and selectivity. Researchers also explore its potential in materials science for designing advanced polymers or functional materials.