Used primarily in organic synthesis as a versatile intermediate for constructing complex molecules. It serves as a key building block in the production of pharmaceuticals, agrochemicals, and specialty chemicals. Its unique structure allows for efficient cycloaddition reactions, making it valuable in creating cyclic compounds. Additionally, it is employed in polymer chemistry to modify or enhance the properties of certain materials. Its reactivity with various nucleophiles and electrophiles makes it a useful reagent in research and industrial applications.