Used primarily as a specialty intermediate in organic synthesis, particularly in the production of fragrances and flavor compounds. Its unique bridged bicyclic structure imparts stability and distinct olfactory characteristics, making it valuable in creating pine-like or fresh green scents in perfumery. It also serves as a building block in the synthesis of pharmaceuticals and agrochemicals where rigid molecular frameworks are required to influence biological activity. Due to its aldehyde functional group, it readily undergoes reactions such as reduction, oxidation, and condensation, enabling diverse derivatization for research and industrial applications.