This compound is primarily utilized in the field of organic synthesis as a key intermediate in the production of complex molecules, particularly in pharmaceutical research. Its unique bicyclic structure makes it a valuable building block for designing and synthesizing novel drug candidates, especially those targeting neurological and cardiovascular diseases. The presence of the tert-butyl ester group enhances its stability and reactivity, allowing for selective modifications during chemical reactions. Additionally, its chiral nature is exploited in asymmetric synthesis to create enantiomerically pure compounds, which are crucial for developing drugs with specific biological activities. Researchers also employ it in the study of enzyme inhibition and receptor binding mechanisms due to its structural similarity to certain natural alkaloids.