Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs) that require complex cyclic structures. It is also employed in the development of specialty polymers, where its rigid bicyclic framework enhances the thermal and mechanical properties of the final material. In organic chemistry, it serves as a building block for creating chiral compounds due to its stereochemical properties. Additionally, it finds application in the production of fine chemicals and agrochemicals, where its unique structure contributes to the effectiveness of the end products.