This chemical is primarily used in organic synthesis, particularly in the development of complex molecular structures. It serves as a key intermediate in the production of various pharmaceuticals, where its unique bicyclic structure contributes to the creation of biologically active compounds. Additionally, it is utilized in the synthesis of agrochemicals, aiding in the development of pesticides and herbicides. Its application extends to material science, where it is employed in the preparation of specialized polymers and coatings, enhancing their performance and durability. The compound's reactivity and stability make it a valuable component in research and industrial processes.