Used primarily as a specialty intermediate in organic synthesis, this compound serves in the development of pharmaceuticals and agrochemicals due to its strained ring structure and functional handle versatility. The spirocyclic core provides rigidity and three-dimensionality, making it valuable in medicinal chemistry for designing bioactive molecules with improved selectivity and metabolic stability. Its ester groups allow for easy transformation into acids, alcohols, or amides, enabling incorporation into larger molecular architectures. It is also explored in materials science for constructing novel polymers with unique thermal and mechanical properties.