Step 1: Use trigonometric identities.
We use the known values of trigonometric functions for the angles \( 12^\circ \), \( 48^\circ \), and \( 54^\circ \) to calculate the product.
Step 2: Conclusion.
Thus, the value of the product is \( \frac{1}{8} \).
Final Answer:
\[
\boxed{\frac{1}{8}}
\]