This chemical is primarily utilized in the synthesis of advanced polymers and resins, particularly in the production of norbornene-based materials. It serves as a key intermediate in creating high-performance polymers that exhibit excellent thermal stability, chemical resistance, and mechanical strength. These polymers are widely used in the electronics industry for manufacturing insulating materials, coatings, and adhesives. Additionally, it finds application in the development of specialty chemicals for the automotive and aerospace sectors, where durability and resistance to harsh conditions are critical. Its unique structure also makes it valuable in organic synthesis for constructing complex molecular architectures in pharmaceutical and agrochemical research.