This compound is primarily utilized in organic synthesis as a versatile intermediate. It serves as a key building block in the preparation of complex cyclic structures, particularly in the development of pharmaceuticals and agrochemicals. Its unique bicyclic framework makes it valuable for constructing strained ring systems, which are often challenging to synthesize. Additionally, it is employed in the study of ring-opening reactions and cycloaddition processes, contributing to advancements in polymer chemistry and material science. Its ethyl ester group enhances solubility, facilitating its use in various reaction conditions.