This compound is primarily utilized in the field of organic synthesis, particularly as a key intermediate in the production of pharmaceutical agents. Its bicyclic structure and functional groups make it a valuable building block for constructing complex molecules, especially those targeting neurological and cardiovascular diseases. It is often employed in the development of drugs that require precise stereochemistry, as its rigid framework helps control the three-dimensional arrangement of atoms in the final product. Additionally, it is used in research to explore new therapeutic pathways and optimize drug efficacy.