Used as a reactive intermediate in organic synthesis, particularly in catalytic cross-coupling reactions. It serves as an electrophilic alkylating agent due to the activated triflate group, enabling the formation of carbon-carbon bonds in complex molecule construction. Commonly employed in the synthesis of pharmaceuticals and fine chemicals where bicyclic frameworks are required. Its strained norbornene-type structure enhances reactivity in ring-opening and cycloaddition reactions, making it valuable in materials science and medicinal chemistry for building rigid molecular architectures.