This chemical is primarily utilized in organic synthesis as a versatile building block for the creation of more complex molecular structures. Its unique norbornane framework and reactive methylene group make it valuable in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Additionally, it serves as a key intermediate in the production of specialty chemicals, including fragrances and flavors, due to its ability to impart specific structural characteristics to the final product. In materials science, it is explored for its potential in polymer chemistry, where it can be incorporated into polymers to modify their physical properties. Its reactivity also makes it useful in research settings for studying cycloaddition reactions and other organic transformations.