This compound is primarily utilized as an intermediate in the synthesis of complex organic molecules, particularly in pharmaceutical research. It plays a crucial role in the development of chiral compounds, where its bicyclic structure and stereochemistry are leveraged to create enantiomerically pure substances. These substances are often key components in the production of drugs targeting neurological disorders, cardiovascular diseases, and other therapeutic areas. Additionally, its stability and reactivity make it a valuable building block in organic chemistry, especially in the construction of nitrogen-containing heterocycles, which are prevalent in many biologically active compounds.