This compound is primarily utilized in organic synthesis as an intermediate for the production of more complex molecules. Its structure, featuring a spirocyclic system and functional groups like hydroxyl and ester, makes it valuable in the development of pharmaceuticals, particularly in the synthesis of drug candidates with potential therapeutic properties. Additionally, it can be employed in the creation of fine chemicals and specialty materials, where its unique reactivity and stability under various conditions are advantageous. Researchers also explore its use in the development of novel agrochemicals, leveraging its structural features to enhance efficacy and specificity in crop protection applications.