Used in specialized organic synthesis as a highly functionalized diterpenoid derivative, this compound serves as a key intermediate in the development of bioactive natural product analogs. Its multiple acetoxy and hydroxy groups allow selective deprotection and derivatization, making it valuable in medicinal chemistry for constructing complex molecular architectures. It has been explored in the synthesis of anti-inflammatory and cytotoxic agents due to its structural similarity to biologically active pepluan diterpenes. Additionally, its ester functionalities enable use in prodrug design, where controlled hydrolysis can release active moieties in vivo.