This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of chiral intermediates for drug production. Its unique bicyclic structure makes it valuable in creating molecules with specific stereochemistry, which is crucial for the efficacy and safety of many drugs. It is often employed in the preparation of antiviral and antibacterial agents, where precise molecular configuration is essential. Additionally, it serves as a key building block in organic synthesis, enabling the construction of complex frameworks used in medicinal chemistry and research. Its role in facilitating enantioselective reactions further enhances its importance in producing high-purity active pharmaceutical ingredients (APIs).