This compound is primarily used in the field of organic synthesis, particularly as a chiral building block or intermediate in the production of more complex molecules. Its rigid bicyclic structure and stereochemistry make it valuable for constructing compounds with specific three-dimensional configurations, which is crucial in the development of pharmaceuticals and biologically active molecules. It can be employed in asymmetric synthesis to create enantiomerically pure substances, which are often required in drug development to ensure efficacy and reduce side effects. Additionally, its hydroxyl and carboxylate functional groups provide sites for further chemical modifications, enabling its use in the synthesis of diverse chemical entities.