Used as a key intermediate in the synthesis of fluorinated pharmaceuticals and agrochemicals due to its unique combination of a reactive norbornene ring and a highly fluorinated alcohol moiety. The compound enables the introduction of fluorinated groups that enhance metabolic stability, lipophilicity, and bioavailability in active ingredients. It is also employed in polymer chemistry to modify surface properties, providing water and oil repellency in specialty coatings. Its rigid bicyclic structure supports stereoselective transformations, making it valuable in asymmetric synthesis and the development of chiral catalysts.