Used as a specialty building block in organic synthesis, particularly in the development of strained ring systems for pharmaceuticals and advanced materials. Its rigid bicyclic structure makes it valuable in medicinal chemistry for locking molecular conformations, enhancing metabolic stability and target selectivity in drug candidates. It also serves in polymer science to introduce steric constraints that influence the thermal and mechanical properties of resulting polymers. Due to its ester functionality, it can undergo hydrolysis, reduction, or coupling reactions to access a range of derivatives for research and development in agrochemicals and functional molecules.