This chemical is primarily used in the synthesis of specialized organic compounds, particularly in the development of pharmaceuticals and agrochemicals. Its unique bicyclic structure makes it valuable for creating molecules with specific biological activities. It is often employed as a reactive intermediate in organic synthesis, where it can introduce the isothiocyanate functional group into target molecules. This group is known for its ability to interact with biological systems, making it useful in the design of enzyme inhibitors or bioactive agents. Additionally, it may be utilized in research settings for studying chemical reactivity and developing novel chemical entities.