This chemical is primarily utilized in organic synthesis as a chiral building block. Its unique structure makes it valuable for constructing complex molecules, particularly in the production of pharmaceuticals and fine chemicals. It is often employed in asymmetric synthesis to introduce stereochemistry into target compounds, enhancing their biological activity or specificity. Additionally, it serves as a precursor in the development of natural products and bioactive compounds, where its rigid framework aids in controlling molecular conformation. Its application extends to materials science, where it can be used to create specialized polymers or catalysts with tailored properties.