This chemical is primarily used in the synthesis of specialized organic compounds, particularly in the development of agrochemicals and pharmaceuticals. Its unique structure allows it to act as a key intermediate in the production of complex molecules, especially those requiring cyclopentadiene derivatives. Additionally, it is utilized in research settings for studying chemical reactions involving chlorinated compounds, aiding in the development of new materials and chemical processes. Its stability and reactivity make it valuable in creating high-performance polymers and advanced chemical formulations.