This chemical is primarily utilized in the field of organic synthesis, particularly as a chiral auxiliary or building block in the preparation of complex molecules. Its rigid structure and stereochemistry make it valuable in asymmetric synthesis, where it helps induce chirality in target compounds. It is often employed in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals, where precise control over stereochemistry is crucial. Additionally, its stability and compatibility with various reaction conditions make it a versatile reagent in multi-step synthetic processes. Researchers also explore its potential in catalysis and material science due to its unique structural properties.