This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active molecules. Its unique bicyclic structure makes it valuable for constructing complex drug candidates, particularly those targeting neurological and psychiatric disorders. It is often employed in the development of inhibitors for enzymes or receptors involved in these conditions. Additionally, its tert-butyl carboxylate group provides a protective function during synthetic processes, allowing for selective modifications in multi-step reactions. This chemical is also explored in medicinal chemistry for its potential to enhance drug-like properties, such as stability and bioavailability, in therapeutic compounds.