Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of kinase inhibitors and anti-inflammatory compounds. Its rigid bicyclic structure with a carboxylic acid functionality makes it valuable for designing biologically active molecules that require specific spatial orientation for target binding. It is also employed in medicinal chemistry research to explore new drug candidates targeting central nervous system disorders and metabolic diseases. The compound's ability to act as a scaffold in structure-activity relationship (SAR) studies enhances its utility in optimizing drug potency and selectivity.