This compound is primarily utilized in organic synthesis as a key intermediate for the preparation of complex molecules. Its unique bicyclic structure and functional groups make it valuable in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) with specific stereochemical requirements. It is also employed in research settings for studying reaction mechanisms and developing new synthetic methodologies. Additionally, its sulfonic acid group enhances its solubility and reactivity, making it suitable for use in catalytic processes and as a building block in medicinal chemistry for designing drug candidates with improved efficacy and stability.