Used as a chiral building block in organic synthesis, particularly in the production of pharmaceuticals. It serves as a key intermediate in the development of drugs targeting the central nervous system due to its rigid bicyclic structure, which can enhance binding affinity to biological targets. Additionally, it is employed in asymmetric catalysis to create enantioselective compounds, which are crucial for producing optically active drugs. Its unique stereochemistry also makes it valuable in material science for designing advanced polymers and ligands.