This chemical is primarily utilized in the field of organic synthesis as a building block or intermediate for the preparation of more complex molecules. Its bicyclic structure makes it valuable in the development of pharmaceuticals, particularly in the design of compounds targeting neurological disorders. The ester group in the molecule allows for further chemical modifications, enabling the creation of derivatives with potential biological activity. Additionally, it may be employed in the synthesis of ligands for catalytic systems, contributing to advancements in asymmetric catalysis. Its unique structure also makes it a candidate for research in medicinal chemistry, where it could be explored for its potential in drug discovery and development.