This compound is primarily utilized in the field of organic synthesis, particularly as an intermediate in the production of more complex molecules. Its unique bicyclic structure makes it valuable for constructing frameworks in medicinal chemistry, especially in the development of pharmaceuticals. It is often employed in the synthesis of compounds with potential biological activity, such as enzyme inhibitors or receptor modulators. Additionally, its ester and tert-butyl groups provide versatility in chemical reactions, allowing for selective modifications to create targeted derivatives. This chemical is also explored in research for its potential use in designing novel drug candidates or bioactive molecules.