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 biologically active compounds, including potential drugs targeting the central nervous system. Its bicyclic structure makes it valuable for creating rigid frameworks that can enhance the binding affinity of drug candidates to specific biological targets. Additionally, it is often employed in peptide synthesis, where the N-tert-butoxycarbonyl (Boc) group acts as a protective group for amines, ensuring selective reactions during multi-step processes. Its application extends to the production of chiral compounds, where its stereochemistry is leveraged to achieve high enantiomeric purity in final products.