Used primarily as an intermediate in organic synthesis, this compound serves in the development of pharmaceuticals due to its rigid bicyclic structure and functional group compatibility. Its lactam-like framework is valuable in constructing bioactive molecules, particularly in medicinal chemistry for central nervous system agents. The compound’s stability and reactivity profile make it suitable for ring-opening, functionalization, and coupling reactions in multi-step synthesis. It is also explored in the design of enzyme inhibitors where conformational restraint enhances binding affinity.