This chemical is primarily used in organic synthesis as a versatile intermediate for the preparation of various biologically active compounds. Its unique bicyclic structure makes it valuable in the development of pharmaceuticals, particularly in the synthesis of antiviral and anti-inflammatory agents. Additionally, it serves as a key building block in the creation of complex molecules for research in medicinal chemistry, enabling the exploration of new drug candidates with potential therapeutic applications. Its stability and reactivity also make it suitable for use in fine chemical manufacturing and as a precursor in the production of specialty chemicals.