This compound is primarily utilized in the synthesis of complex organic molecules, particularly in the development of pharmaceutical agents. Its structure, featuring a bicyclic diazabicyclo framework, makes it a valuable intermediate in the production of drugs targeting the central nervous system. The presence of the hydroxyl and carboxylate groups allows for further functionalization, enabling the creation of derivatives with potential therapeutic properties. Additionally, it is employed in research settings to study enzyme inhibition and receptor binding, contributing to the discovery of new treatments for neurological disorders. Its stability and reactivity under various conditions make it a versatile tool in medicinal chemistry.