Used primarily in advanced organic synthesis, this compound serves as a specialized building block for creating complex polycyclic frameworks. Its rigid, three-dimensional structure and reactive bromine site make it valuable in catalysis studies and the development of novel ligands for transition metal-catalyzed reactions. It is also employed in materials science to construct conjugated systems with unique electronic properties, potentially useful in organic semiconductors or molecular electronics. Due to its strained geometry, it plays a role in mechanistic studies exploring reaction pathways in cycloadditions and rearrangement processes.