This chemical is primarily used in the field of organic synthesis, where it serves as a versatile building block for creating complex molecular structures. Its unique bicyclic framework makes it valuable in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Additionally, it is employed in material science for designing polymers and coatings with specific mechanical and chemical properties. Its ester groups allow for further functionalization, enabling researchers to tailor it for specific applications in drug delivery systems or advanced materials.