This chemical is primarily utilized in organic synthesis as a building block for the preparation of more complex molecules. Its spirocyclic structure makes it valuable in the development of pharmaceuticals, where it can serve as a key intermediate in the synthesis of active pharmaceutical ingredients (APIs). Additionally, it finds application in the creation of specialty chemicals, particularly in the production of polymers and resins, where its unique structure can impart specific properties to the final material. Its carboxylic acid group also allows for further functionalization, enabling its use in the design of ligands for catalysis or in the development of advanced materials with tailored functionalities.