Used as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its strained spirocyclic structure makes it valuable for building complex molecular frameworks with enhanced stereochemical control. It is also employed in the preparation of bioactive compounds where conformational rigidity is desired to improve metabolic stability and target selectivity. Additionally, derivatives of this alcohol serve in the design of novel ligands for catalysis and in the study of structure-activity relationships in medicinal chemistry.