This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the development of complex organic compounds. Its unique structure, featuring a spirocyclic system and multiple carboxylate groups, makes it particularly valuable in the synthesis of heterocyclic compounds, which are often used in pharmaceutical research and drug development. Additionally, its dithiole and thiopyrano components contribute to its potential application in materials science, particularly in the creation of novel polymers and organic electronic materials. The compound’s versatility also extends to its use in catalysis, where it can act as a ligand or precursor in the design of catalytic systems for various chemical reactions.