This chemical is primarily used as a precursor in the synthesis of various polymers and resins. Its rigid bicyclic structure contributes to the enhanced mechanical properties and thermal stability of the resulting materials. It is also employed in the production of specialty coatings and adhesives, where its unique molecular structure helps improve durability and resistance to environmental factors. Additionally, it serves as an intermediate in the development of pharmaceuticals, particularly in the creation of compounds with specific stereochemical requirements. Its applications extend to the field of organic electronics, where it is utilized in the fabrication of advanced materials for optoelectronic devices.