This compound is primarily used in organic synthesis as a building block for the preparation of complex molecules. It serves as a key intermediate in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic effects. Its bicyclic structure makes it valuable in creating frameworks for drug candidates, especially those targeting neurological or cardiovascular systems. Additionally, it is utilized in research to study stereochemistry and reaction mechanisms due to its rigid and well-defined structure. Its application extends to the field of medicinal chemistry, where it aids in the design and optimization of bioactive molecules.