This compound is primarily used in organic synthesis as a key intermediate in the production of various pharmaceuticals. Its unique bicyclic structure makes it valuable for constructing complex molecules, particularly in the development of drugs targeting the central nervous system. It is often employed in the synthesis of compounds with potential analgesic or anti-inflammatory properties. Additionally, its sulfonate group enhances its reactivity, making it useful in coupling reactions to create more intricate chemical frameworks. Researchers also explore its application in designing novel bioactive molecules for therapeutic purposes.