This compound is primarily utilized in the field of organic synthesis as a key intermediate in the production of complex molecules. Its unique tricyclic structure makes it valuable for constructing frameworks often found in pharmaceuticals, particularly in the development of drugs targeting neurological and cardiovascular disorders. It is also employed in the synthesis of chiral compounds, where its stereochemistry plays a crucial role in achieving high enantioselectivity. Additionally, its tert-butyl ester group provides stability and ease of manipulation in various chemical reactions, making it a versatile building block in medicinal chemistry and drug discovery processes.