This compound is primarily utilized in organic synthesis as a versatile reagent, particularly in the formation of carbon-carbon bonds. It is often employed in cross-coupling reactions, such as Suzuki-Miyaura couplings, where it acts as a stable source of the nucleophilic 3-phenylbicyclo[2.2.1]heptan-2-yl group, enabling the construction of complex organic molecules. Additionally, it finds application in catalysis, especially in asymmetric synthesis, where its unique chiral bicyclic structure helps in achieving high enantioselectivity. Its stability and reactivity make it a valuable tool in the development of pharmaceuticals and fine chemicals, where precise control over molecular architecture is essential.