Used primarily in advanced organic synthesis, this compound serves as a high-energy density framework in the development of propellants and explosives due to its strained cubane core. The ester groups enable further functionalization, making it valuable in pharmaceutical research for building rigid molecular scaffolds that can influence the bioavailability and stability of drug candidates. It is also investigated in materials science for creating novel polymers with unique thermal and mechanical properties, leveraging the stability and symmetry of the cubane structure.