Used in organic synthesis as a building block for complex molecule construction, particularly in Diels-Alder reactions due to its strained bicyclic structure and reactive double bond. Commonly employed in the development of pharmaceuticals, agrochemicals, and specialty polymers. Its ketone functionality allows for further derivatization, such as reduction or nucleophilic addition, enabling the creation of chiral intermediates. Also utilized in fragrance chemistry for its unique terpene-like character.