This chemical is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of complex molecular structures, particularly in the synthesis of compounds with potential therapeutic properties. Its unique structure, featuring a methanoanthracene core, makes it valuable for constructing molecules with specific stereochemical configurations, which are often crucial for biological activity. Researchers leverage its reactivity to create derivatives that can be screened for various pharmacological activities, such as anticancer, anti-inflammatory, or antimicrobial effects. Additionally, its role in asymmetric synthesis is noteworthy, as it aids in the production of enantiomerically pure compounds, which are essential in drug development to ensure efficacy and reduce side effects.