This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of complex organic compounds. Its unique structure makes it valuable for constructing cyclic and polycyclic frameworks, which are often found in pharmaceuticals and agrochemicals. Additionally, it is employed in the development of advanced materials, particularly in the creation of polymers with specific thermal and mechanical properties. Its application extends to research laboratories, where it is used to study reaction mechanisms and develop novel synthetic pathways.