This chemical is primarily utilized in the field of organic synthesis and materials science. It serves as a key intermediate in the production of complex organic compounds, particularly those with chiral structures, due to its unique stereochemistry. Its rigid bicyclic framework makes it valuable in the development of ligands for asymmetric catalysis, enabling the synthesis of enantiomerically pure pharmaceuticals and fine chemicals. Additionally, it has potential applications in the design of advanced materials, such as liquid crystals or polymers, where its structural integrity and stereochemical properties can enhance performance. Its use in research and development for novel organic frameworks and functional materials is also noteworthy.