This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of complex organic compounds. Its unique spirocyclic structure makes it valuable for constructing molecules with specific three-dimensional configurations, which are often required in the development of pharmaceuticals. Additionally, it is employed in the synthesis of advanced materials, particularly those requiring rigid, stable frameworks. Its carboxylic acid group allows for further functionalization, enabling the creation of derivatives with tailored properties for various industrial applications.