This compound is primarily used in organic synthesis and pharmaceutical research as a building block for the development of complex molecules. It serves as an intermediate in the preparation of biologically active compounds, particularly those targeting neurological and psychiatric disorders. Its structure, featuring a bicyclic system, makes it valuable for creating rigid frameworks in drug design, enhancing the stability and specificity of potential therapeutic agents. Additionally, it is employed in the study of enzyme inhibitors and receptor modulators, contributing to advancements in medicinal chemistry.