This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and biologically active molecules. Its unique structure, featuring both an epoxide and a carboxylic acid group, makes it a versatile building block for constructing complex organic frameworks.

In medicinal chemistry, it is often employed in the development of drug candidates, particularly those targeting central nervous system disorders. The epoxide ring can undergo ring-opening reactions, allowing for the introduction of diverse functional groups, which is crucial for optimizing drug efficacy and selectivity. Additionally, its rigid bicyclic structure can impart stability to the resulting compounds, enhancing their pharmacokinetic properties.

Furthermore, this chemical is explored in the synthesis of natural product analogs, contributing to the discovery of new therapeutic agents. Its application extends to material science, where it is used in the preparation of specialized polymers and coatings, leveraging its reactivity to create materials with tailored properties. Overall, its multifunctional nature makes it a valuable tool in both research and industrial applications.