This chemical is primarily utilized in the field of organic synthesis as a versatile intermediate. It is often employed in the construction of complex molecular structures, particularly in the development of pharmaceuticals and bioactive compounds. Its unique bicyclic framework makes it valuable for creating rigid, three-dimensional scaffolds that can enhance the stability and specificity of drug molecules. Additionally, it is used in the synthesis of agrochemicals, where its structural properties contribute to the development of effective pesticides or herbicides. In material science, it serves as a precursor for designing polymers with specific mechanical or thermal properties. Its application is also explored in the field of catalysis, where it can act as a ligand or a component in catalytic systems to facilitate various chemical reactions.