This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of complex organic compounds. Its unique bicyclic structure makes it valuable for constructing biologically active molecules, particularly in the development of drugs targeting the central nervous system. The tert-butoxycarbonyl (Boc) protecting group enhances its stability during chemical reactions, allowing for precise manipulation in multi-step synthetic processes. It is often employed in the production of peptidomimetics and other therapeutic agents, contributing to advancements in medicinal chemistry and drug discovery.