This compound is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the development of various therapeutic agents, including those targeting neurological disorders. Its unique bicyclic structure allows it to act as a building block in the creation of compounds with specific biological activities. Additionally, it is employed in the preparation of sulfonamide derivatives, which are known for their antimicrobial and anti-inflammatory properties. The compound’s stability and reactivity make it valuable in medicinal chemistry for designing and optimizing drug candidates.