Used primarily in organic synthesis, this compound serves as a building block for complex polycyclic structures due to its rigid, cage-like framework. It is especially valuable in the development of specialty resins and high-performance polymers, where thermal stability and structural rigidity are required. Its anhydride functionality allows for easy incorporation into epoxy systems, enhancing cross-linking density and improving mechanical strength. It also finds use in the preparation of pharmaceuticals and agrochemicals as an intermediate in multi-step syntheses. Due to its reactivity with nucleophiles, it is employed in the formation of esters, amides, and other derivatives useful in material science and medicinal chemistry.