Used primarily as a reactive intermediate in organic synthesis, this compound serves as a versatile vinylating agent. It participates in cycloaddition and ene reactions, especially in the production of fine chemicals and pharmaceuticals. Its ability to undergo thermal rearrangements makes it valuable in the development of complex molecular structures. Additionally, it acts as a protecting group precursor for alcohols in multi-step synthesis. Due to its volatility and reactivity, it is handled in controlled environments for specialized transformations in research and industrial settings.