Used primarily as a monomer in the synthesis of specialty polymers and resins, this compound contributes to the production of adhesives, coatings, and elastomers with enhanced flexibility and durability. Its diene structure makes it valuable in copolymerization reactions, especially in creating materials with improved thermal and chemical resistance. It also serves as an intermediate in organic synthesis for pharmaceuticals and agrochemicals, where its reactivity allows for the introduction of methyl-substituted hydrocarbon chains. Additionally, it finds use in research and development for new rubber-like materials and impact modifiers in plastics.