This compound is primarily utilized in the field of organic synthesis as a chiral building block. Its unique bicyclic structure and stereochemistry make it valuable for constructing complex molecules, particularly in the development of pharmaceuticals. It serves as an intermediate in the synthesis of biologically active compounds, including those with potential therapeutic applications in neurology and pain management. Additionally, its rigid framework is advantageous in designing ligands for asymmetric catalysis, enhancing the efficiency and selectivity of chemical reactions. Researchers also explore its use in studying molecular interactions and developing novel drug candidates.