This compound is primarily utilized in the field of organic synthesis and medicinal chemistry. It serves as a key intermediate in the development of complex molecules, particularly in the synthesis of pharmaceutical agents. Its structure, featuring a bicyclic framework and a carbamate group, makes it valuable for constructing biologically active compounds. It is often employed in the preparation of potential drug candidates, especially those targeting neurological disorders or acting as enzyme inhibitors. Additionally, its benzyl and tert-butyl groups provide protective functionalities, enabling selective reactions in multi-step synthetic processes. Researchers also use it to explore structure-activity relationships in drug discovery, aiming to optimize therapeutic efficacy and reduce side effects.