This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various complex molecules. Its unique structure makes it valuable for constructing bicyclic frameworks, which are often found in pharmaceuticals and agrochemicals. Additionally, it is employed in the development of specialty polymers and resins, contributing to materials with enhanced thermal stability and mechanical properties. In research, it is used to study cycloaddition reactions and other transformations that are fundamental to advancing synthetic chemistry methodologies.