Used as a key intermediate in organic synthesis, particularly in the preparation of functionalized cage compounds and specialty polymers. Its rigid bicyclic structure and reactive carbonyl groups make it valuable for building complex molecular architectures, including host–guest systems and molecular receptors. Commonly employed in Michael addition reactions and condensation processes to introduce functional handles for further derivatization. Also finds use in the development of photoresponsive materials and crosslinking agents due to its ability to undergo selective transformations under mild conditions.