This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of chiral molecules. Its unique structure, featuring a quinuclidine ring, makes it valuable in asymmetric synthesis, where it acts as a chiral scaffold or ligand. It is often employed in the production of drugs targeting the central nervous system, as its structural features can enhance binding affinity to specific receptors. Additionally, it is used in the preparation of catalysts for enantioselective reactions, contributing to the efficient production of optically active compounds in medicinal chemistry. Its vinyl group also allows for further functionalization, enabling the creation of diverse derivatives for research and drug development.