This compound is primarily utilized in organic synthesis as a versatile intermediate. It is often employed in the production of complex organic molecules, particularly in the synthesis of pharmaceuticals and fine chemicals. Its structure, featuring a cyclohexene ring with ester functional groups, makes it a valuable building block for creating compounds with specific stereochemistry and functional group arrangements. Additionally, it can be used in the development of polymers and resins, where its reactivity and stability are advantageous. In research, it serves as a model compound for studying reaction mechanisms and catalytic processes, particularly in hydrogenation and esterification reactions.