Used primarily as a specialty intermediate in organic synthesis, this compound is valued for its strained ring structure and reactive double bond. It participates in ring-opening reactions and cycloadditions, making it useful in the development of complex cyclic frameworks found in pharmaceuticals and agrochemicals. Its oxa-bridge and alkene functionality allow for selective functionalization, enabling the construction of oxygen-containing heterocycles. It is also employed in polymer chemistry to introduce unique structural motifs that enhance material rigidity or reactivity. Due to its sensitivity, it is typically handled under controlled conditions for research-scale transformations.