This chemical is primarily utilized in organic synthesis as a versatile intermediate. It is particularly valuable in the preparation of complex molecules due to its trifluoromethylsulfonyloxy group, which can act as a leaving group in substitution reactions. The compound is often employed in the development of pharmaceuticals, where its unique structure enables the creation of bioactive molecules with potential therapeutic properties. Additionally, it is used in the synthesis of agrochemicals, contributing to the development of new pesticides or herbicides. Its cyclohexenyl acetate moiety also makes it a useful building block for constructing cyclic compounds in various research and industrial applications.