This compound is primarily used in the synthesis of pharmaceutical intermediates, particularly in the development of beta-lactam antibiotics. Its bicyclic structure makes it a valuable building block for creating complex molecules with potential antibacterial properties. It is also employed in organic chemistry research for studying ring-opening reactions and stereochemical transformations. Additionally, it serves as a precursor in the preparation of chiral compounds, which are crucial in the production of enantiomerically pure drugs. Its stability and reactivity make it a useful reagent in medicinal chemistry for designing and optimizing drug candidates.