This chemical is primarily utilized in organic synthesis as a key intermediate for the development of complex molecular structures. Its unique bicyclic framework makes it valuable in the synthesis of natural products and pharmaceuticals, particularly in the construction of compounds with potential biological activity. It is also explored in material science for designing polymers and coatings with specific properties, leveraging its reactive methylidene group for functionalization. Additionally, it finds use in research settings for studying reaction mechanisms and developing novel synthetic methodologies.