This chemical is primarily utilized in the field of organic synthesis and materials science due to its unique structural properties. Its rigid, fused ring system and chiral centers make it a valuable building block for the development of asymmetric catalysts, which are essential in producing enantiomerically pure compounds in pharmaceutical manufacturing. Additionally, its bifunctional nature allows it to act as a ligand in coordination chemistry, facilitating the creation of complex metal-organic frameworks (MOFs) with potential applications in gas storage, separation, and catalysis. The compound's stability and structural complexity also make it a candidate for advanced material design, such as in the development of high-performance polymers or optoelectronic materials.