Used as a key intermediate in the synthesis of certain pharmaceuticals, particularly in the development of prostaglandin analogs. Its strained bicyclic structure and reactive epoxy functional group make it valuable for constructing complex organic molecules with biological activity. It is employed in multi-step organic syntheses where selective ring-opening reactions or stereocontrolled transformations are required. Commonly utilized in research settings for developing anti-inflammatory, cardiovascular, or ophthalmic drugs.