This compound is primarily utilized in organic synthesis as a versatile intermediate for the preparation of various complex molecules. Its spirocyclic structure makes it valuable in the development of pharmaceuticals, particularly in the design of drugs with specific stereochemical properties. It is also employed in the synthesis of agrochemicals, where its unique framework can contribute to the creation of compounds with enhanced biological activity. Additionally, it serves as a building block in the production of specialty chemicals, including those used in material science for the development of advanced polymers and coatings. Its carboxylic acid group allows for further functionalization, enabling the creation of derivatives tailored for specific applications.