This compound is primarily used in organic synthesis as a versatile intermediate for the development of complex molecular structures. Its unique spirocyclic framework makes it valuable in the synthesis of pharmaceuticals, particularly in the creation of bioactive molecules and drug candidates. The presence of both ester and ketone functional groups allows for further chemical modifications, enabling the production of diverse derivatives. Additionally, it finds application in material science, where it contributes to the design of novel polymers and advanced materials with specific properties. Its role in research and development is significant, particularly in exploring new chemical reactions and pathways.