This chemical is primarily utilized in organic synthesis, particularly in the development of complex molecular structures. It serves as a key intermediate in the preparation of various pharmaceuticals, especially those targeting neurological disorders. Its bicyclic structure is advantageous in creating rigid frameworks that enhance the stability and specificity of drug molecules. Additionally, it is employed in the synthesis of chiral compounds, where its stereochemistry plays a crucial role in achieving desired enantiomeric purity. Researchers also explore its potential in designing novel catalysts for asymmetric synthesis, leveraging its unique structural features to improve reaction efficiency and selectivity.