Used as a key intermediate in organic synthesis, particularly in cyclopropane ring transformations and polymer chemistry. Its vinyl group enables participation in radical and addition reactions, making it valuable for constructing strained ring systems in pharmaceuticals and agrochemicals. Commonly employed in ring-opening metathesis polymerization (ROMP) to produce functionalized polymers with unique thermal and mechanical properties. Also serves as a building block in the synthesis of bioactive molecules, including analogs with potential antiviral or anti-inflammatory activity. Its ester groups allow further derivatization, enhancing versatility in multistep synthetic routes.