This compound is primarily utilized in organic synthesis and pharmaceutical research due to its unique bicyclic structure, which makes it a valuable building block for complex molecules. Its rigid framework and functional groups allow it to serve as a precursor in the development of bioactive compounds, particularly in the design of drugs targeting neurological disorders. Additionally, it is employed in the study of stereochemistry and reaction mechanisms, as its structure provides insights into spatial arrangements and reactivity patterns. In material science, it can be used to create specialized polymers with specific mechanical or chemical properties.