This chemical is primarily utilized in organic synthesis, particularly in the development of complex molecular structures. Its unique bicyclic framework makes it a valuable intermediate in the production of pharmaceuticals, where it can be incorporated into drug molecules to enhance their biological activity or stability. Additionally, it is employed in the synthesis of fine chemicals and specialty materials, often serving as a building block for creating compounds with specific stereochemical properties. In research, it is used to study reaction mechanisms and explore new synthetic pathways, contributing to advancements in chemical sciences. Its applications also extend to the field of agrochemicals, where it may be used to develop new pesticides or herbicides with improved efficacy.