The known <i>Eremophila microtheca</i>-derived diterpenoid 3,7,8-trihydroxyserrulat-14-en-19-oic acid (<b>1</b>) was targeted for large-scale purification, as this bioactive plant compound has proven to be an attractive scaffold for semisynthetic studies and subsequent library generation. Compound <b>1</b> was converted to a selectively protected trimethyl derivative, 3-hydroxy-7,8-dimethoxyserrulat-14-en-19-oic acid methyl ester (<b>2</b>), using simple and rapid methylation conditions. The resulting scaffold <b>2</b> was reacted with a diverse series of commercially available isocyanates to generate an 11-membered carbamate-based library. The chemical structures of the 11 new semisynthetic analogues were fully characterized by spectroscopic and spectrometric analysis. All natural products and semisynthetic compounds were evaluated for their anthelmintic, antimalarial, and anti-HIV activities. Compound <b>3</b> was shown to elicit the greatest antiplasmodial activity of all compounds tested, with IC<sub>50</sub> values of 4.6 and 11.6 μM against <i>Plasmodium falciparum</i> 3D7 and Dd2, respectively. Compound <b>11</b> showed the greatest inhibition of development to fourth-stage <i>Haemonchus contortus</i> larvae (L4) and induction of a skinny (<i>Ski</i>) phenotype (67.5% of nematodes) at 50 μM. Compound <b>7</b>, which inhibited 59.0% of HIV production at 100 μg/mL, was the carbamate analogue that displayed the best antiviral activity.