Used as a key intermediate in organic synthesis, particularly in the production of complex molecules for pharmaceuticals and agrochemicals. Its rigid bicyclic structure makes it valuable for constructing stable frameworks in drug design. It is also employed in the development of polymers and resins, where its unique structure enhances material properties like thermal stability and rigidity. Additionally, it serves as a building block in the synthesis of natural products and fine chemicals, aiding in the creation of compounds with specific stereochemistry and functionality.