Used as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and fine chemicals. Its strained bicyclic structure makes it valuable for ring-opening reactions and cycloadditions, enabling the construction of complex molecular frameworks. Commonly employed in the synthesis of bioactive compounds, including potential drug candidates targeting central nervous system disorders and anti-inflammatory agents. Also utilized in the preparation of chiral building blocks for asymmetric synthesis due to its rigid scaffold and functional handle for further modification.