This compound is primarily utilized in the field of organic synthesis as a key intermediate in the production of complex molecules. Its bicyclic structure makes it valuable for constructing frameworks in medicinal chemistry, particularly in the development of pharmaceutical agents targeting neurological disorders. The functional groups present, such as the ester and ketone, allow for further chemical modifications, enabling the creation of diverse derivatives with potential biological activity. It is also explored in the synthesis of chiral compounds, where its rigid structure aids in achieving high stereochemical control. Additionally, it finds use in research settings for studying reaction mechanisms and developing new synthetic methodologies.