This compound is primarily utilized in organic synthesis as a versatile building block for the development of complex molecular structures. Its unique spirocyclic framework makes it valuable in the design of pharmaceuticals, particularly in the creation of drug candidates with enhanced stability and bioavailability. The methoxycarbonyl and carboxylic acid functional groups allow for further chemical modifications, enabling its use in the synthesis of various esters, amides, and other derivatives. Additionally, it finds application in material science, where it contributes to the development of novel polymers and advanced materials with tailored properties. Its structural features also make it a useful intermediate in the preparation of agrochemicals and specialty chemicals.