Used as a key intermediate in the synthesis of fragrances and flavor compounds due to its spirocyclic structure and carbonyl functionality. Its unique ring system allows for selective chemical modifications, making it valuable in creating musk-like aroma chemicals. It is also employed in the preparation of specialty polymers and bioactive molecules where a rigid, oxygen-containing scaffold is required. Its stability and reactivity profile support use in multi-step organic syntheses, particularly in pharmaceutical and agrochemical research.