This compound is primarily utilized in the field of organic synthesis, particularly as a chiral building block for the development of complex molecules. Its unique bicyclic structure and chiral center make it valuable in the synthesis of pharmaceuticals, where stereochemistry plays a critical role in drug efficacy. It is often employed in the preparation of intermediates for bioactive compounds, including those with potential therapeutic applications in neurological and cardiovascular diseases. Additionally, its allyl group provides a versatile handle for further functionalization, enabling chemists to tailor the molecule for specific synthetic pathways. This compound is also explored in asymmetric catalysis, where it can act as a ligand or precursor to chiral catalysts, enhancing the enantioselectivity of chemical reactions.