Used primarily as a specialty intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its strained bicyclic structure makes it valuable in ring-opening metathesis polymerization (ROMP) to produce functional polymers with unique mechanical and thermal properties. It also serves as a building block in the synthesis of complex natural products and bioactive molecules, where the reactive double bond allows for selective functionalization. Additionally, it finds use in materials science for creating cross-linked polymers and in research settings for studying reaction mechanisms involving strained alkenes.