Used as a key intermediate in the synthesis of certain natural product derivatives and bioactive molecules, particularly in the development of antitumor and antimicrobial agents. Its rigid polycyclic structure makes it valuable in medicinal chemistry for constructing complex molecular frameworks. It also serves as a building block in organic synthesis, enabling the formation of fused ring systems found in steroids and terpenoids. Additionally, it has been explored in materials science for designing novel organic semiconductors due to its extended π-conjugation potential.