Used primarily as a monomer in the production of specialty polymers and resins, this compound contributes to the development of high-performance materials with enhanced thermal stability and mechanical strength. It is especially valuable in the synthesis of cyclic olefin copolymers (COCs), which are used in optical devices, medical equipment, and packaging films due to their clarity, low moisture absorption, and biocompatibility. Its rigid bridged structure improves the glass transition temperature of resulting polymers, making them suitable for applications requiring heat resistance. Additionally, it serves as an intermediate in organic synthesis for fine chemicals and pharmaceuticals, where its strained ring system enables unique reaction pathways.