This compound is primarily utilized in the field of organic synthesis, particularly in the development of pharmaceuticals. It serves as a key intermediate in the synthesis of complex molecules, especially those involving bicyclic structures. Its unique bicyclo[3.1.0]hexane framework makes it valuable for constructing rigid, three-dimensional scaffolds, which are often essential in drug design to enhance binding affinity and selectivity. Additionally, the tert-butoxycarbonyl (Boc) protecting group allows for selective deprotection, enabling further functionalization during multi-step synthetic processes. This chemical is particularly relevant in the preparation of bioactive compounds, including potential therapeutic agents targeting neurological disorders or other diseases.