Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of steroid analogs and anti-inflammatory agents. Its rigid polycyclic structure makes it valuable in medicinal chemistry for constructing complex molecular frameworks. It is also employed in research settings to explore new pathways in organic synthesis, especially in ring-forming reactions and fused ring systems. Due to its reactivity and stability, it serves as a building block in the preparation of bioactive molecules and potential drug candidates.