Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its conjugated diene structure makes it valuable in Diels-Alder reactions, enabling the creation of complex cyclic compounds. It is also employed in the development of specialty polymers and coatings, where its reactivity contributes to enhanced material properties. Additionally, it finds use in research as a building block for studying reaction mechanisms and developing new synthetic pathways.