This compound is primarily utilized in the field of organic synthesis, particularly as a key intermediate in the preparation of complex heterocyclic compounds. Its unique structure, featuring specified stereochemistry (5aR,10bS) and high enantiomeric excess, makes it valuable in asymmetric synthesis and as a chiral catalyst, enhancing stereoselectivity in reactions. It is employed in the development of pharmaceuticals to create molecules with potential therapeutic effects, including those targeting biological systems. Additionally, it is used in materials science for the design of advanced organic materials with specific optical or electronic properties.