Used in the synthesis of complex natural products and pharmaceutical intermediates due to its highly functionalized cyclohexane and indane ring systems. Its stereochemistry and olefin moieties make it valuable in asymmetric synthesis and development of bioactive molecules, particularly in medicinal chemistry for designing enzyme inhibitors or receptor modulators. The diol functionality allows for further chemical modifications, such as protection, oxidation, or coupling reactions, enabling its use as a building block in multi-step organic syntheses.