Used primarily as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its strained ring structure makes it valuable for constructing complex molecules through ring-opening or ring-expansion reactions. It also serves as a building block in the preparation of sulfur-containing heterocycles, which are important in medicinal chemistry for designing bioactive compounds. Additionally, derivatives of this compound show potential in materials science, especially in the synthesis of specialty polymers with unique thermal or electronic properties.