This compound is primarily utilized in the field of organic synthesis as a key intermediate for the development of more complex chemical structures. Its unique bicyclic framework makes it valuable in the synthesis of pharmaceuticals, particularly in the creation of compounds with potential therapeutic effects. Researchers often employ it in the construction of molecules that target neurological disorders, leveraging its structural properties to enhance drug efficacy and selectivity. Additionally, it serves as a building block in the preparation of ligands for catalytic processes, contributing to advancements in asymmetric synthesis and the production of chiral compounds. Its versatility and reactivity make it a valuable tool in both academic research and industrial applications.