This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the production of pharmaceuticals and fine chemicals. It serves as a key intermediate in the creation of complex molecules due to its reactive cyclohexene ring and ester functional groups.

In the pharmaceutical industry, it is often employed in the development of drugs targeting specific biological pathways, such as anti-inflammatory or anti-cancer agents. Its structure allows for further chemical modifications, making it a versatile building block in medicinal chemistry.

Additionally, it finds application in the field of polymer chemistry, where it is used to synthesize specialized polymers with unique properties, such as enhanced flexibility or thermal stability. Its role in these processes highlights its importance in advancing material science and industrial applications.