This compound is primarily utilized in the field of organic synthesis as a chiral building block. Its rigid bicyclic structure and stereochemistry make it valuable for constructing complex molecules, particularly in the development of pharmaceuticals. It is often employed in the synthesis of bioactive compounds, including potential drug candidates, due to its ability to impart specific stereochemical configurations. Additionally, it serves as an intermediate in the preparation of catalysts or ligands used in asymmetric synthesis, enhancing the efficiency and selectivity of chemical reactions. Its unique structure also makes it a subject of interest in studies exploring novel chemical transformations and reaction mechanisms.