Used as a key intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the development of chiral building blocks for drug design. Its rigid bicyclic structure makes it valuable in creating stereoselective compounds, especially in the production of antiviral and anti-inflammatory agents. Also employed in the preparation of specialty polymers and resins where enhanced thermal and mechanical stability are required. Its hydroxyl groups allow for easy functionalization, enabling use in cross-linking agents and surface modifiers for advanced materials.