This compound is primarily utilized in organic synthesis as a chiral building block for the preparation of more complex molecules. Its rigid bicyclic structure and defined stereochemistry make it valuable in the development of pharmaceuticals, particularly in creating active ingredients with specific enantiomeric properties. It is often employed in the synthesis of antiviral and anti-inflammatory drugs, where precise three-dimensional orientation of functional groups is crucial for biological activity. Additionally, it serves as a key intermediate in the production of fine chemicals and agrochemicals, contributing to the development of compounds with enhanced efficacy and selectivity.