This chemical is primarily utilized in the field of organic synthesis, particularly in the development of complex molecular structures. Its unique bicyclic framework makes it a valuable intermediate for constructing specialized compounds, especially in pharmaceutical research. It is often employed in the synthesis of potential drug candidates, where its rigid structure can contribute to the stability and specificity of the target molecules. Additionally, it finds application in materials science, where its distinct architecture can be leveraged to design advanced polymers or organic materials with tailored properties. Its role in catalysis is also noteworthy, as it can serve as a ligand or a scaffold in catalytic systems, enhancing reaction efficiency and selectivity.