This chemical is primarily used as an intermediate in organic synthesis, particularly in the development of pharmaceutical compounds. Its unique bicyclic structure makes it valuable for constructing complex molecules, especially in the synthesis of active pharmaceutical ingredients (APIs). It is often employed in the preparation of chiral compounds, where its rigid framework helps in achieving high stereochemical control. Additionally, it serves as a building block in the synthesis of biologically active molecules, including potential drug candidates targeting neurological and cardiovascular diseases. Its role in facilitating the creation of novel therapeutic agents highlights its importance in medicinal chemistry research.