This compound is primarily utilized in the field of organic synthesis, particularly as a chiral building block or intermediate in the production of more complex molecules. Its unique bicyclic structure and stereochemistry make it valuable for constructing optically active compounds, which are essential in pharmaceuticals and agrochemicals. Additionally, it can serve as a ligand or catalyst in asymmetric synthesis, enabling the creation of enantiomerically pure substances. Its sulfur-containing moiety also makes it relevant in the development of organosulfur compounds, which have applications in materials science and medicinal chemistry.