This chemical is primarily utilized in the production of advanced polymers and resins, particularly in the field of high-performance materials. It serves as a key monomer in the synthesis of cycloolefin copolymers, which are known for their exceptional optical clarity, thermal stability, and chemical resistance. These copolymers are widely used in the manufacturing of optical lenses, medical devices, and electronic components, where transparency and durability are critical. Additionally, it finds application in the development of adhesives and coatings, enhancing their mechanical properties and adhesion strength. Its unique structure also makes it valuable in organic synthesis for creating specialized intermediates in pharmaceutical and agrochemical industries.