Used primarily as an intermediate in organic synthesis, particularly in the production of fine chemicals and pharmaceuticals. Its rigid polycyclic structure makes it valuable in the development of chiral ligands and catalysts for asymmetric reactions. It also serves as a building block in the synthesis of complex natural products and bioactive molecules, where its stability and reactivity profile support selective transformations. Additionally, derivatives of this compound are explored in materials science for designing novel organic semiconductors and functional polymers.