Used as a key intermediate in the synthesis of biologically active compounds, particularly in the development of pharmaceuticals. Its strained bicyclic structure and functional groups make it valuable for constructing complex molecular frameworks, especially in routes targeting antiviral and anti-inflammatory agents. The compound’s reactivity allows for selective ring-opening and functionalization, enabling efficient derivatization in medicinal chemistry research. It is also employed in asymmetric synthesis due to its chiral centers, supporting the production of enantiomerically pure drugs.