This compound is primarily used in the field of organic synthesis as a versatile intermediate for the preparation of various biologically active molecules. Its unique bicyclic structure makes it valuable in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic effects. It is often employed in the construction of complex molecular frameworks, especially in the design of drugs targeting neurological disorders or as a precursor for the development of enzyme inhibitors. Additionally, its reactive functional groups allow for further chemical modifications, enabling researchers to explore its utility in creating novel compounds with specific biological activities.