This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active molecules. Its unique bicyclic structure makes it valuable in the development of drugs targeting the central nervous system, particularly for neurological disorders. It is often employed in the production of compounds that act on neurotransmitter systems, such as GABAergic or glutamatergic pathways, which are crucial for treating conditions like anxiety, epilepsy, and depression. Additionally, its stereochemistry plays a significant role in enhancing the selectivity and efficacy of the final drug molecules, making it a critical component in medicinal chemistry research.