The gamma matrices $\gamma^\mu$ appearing in the Dirac equation span the Clifford algebra ${\cal Cl}_{1,3}$ over real numbers. They are generators of Clifford algebra in that sense that their products: $\gamma^\mu\gamma^\nu,\; \gamma^\mu\gamma^\nu\gamma^\sigma$ and $\gamma^0\gamma^1\gamma^2\gamma^3$ make basis of the 16-dimensional ${\cal Cl}_{1,3}$.
The 16 combinations $\gamma^0$, $i\gamma_1$, $\ldots$, $\gamma^0\gamma^1$, $\gamma^0\gamma^2$, $\gamma^0\gamma^3$, $\ldots$, $i\gamma^0\gamma^2\gamma^3$, $\ldots$, $i\gamma_5$ (or similar combinations, depending on conventions) are sometime called the "big gamma" ($\Gamma$) matrices. These combinations can be used to prove a number of results, for example, that the gamma matrices must be at least 4x4 in size. Further, any 4x4 matrix $X$ can be written as a linear combination of the big gamma matrices:
$$
X = \sum_{k=1}^{16}x_k \Gamma_k\;,
$$
where
$$
x_k = \frac{1}{4}\text{Tr}(X\Gamma_k)
$$
I have two questions:
- what is the physical interpretation of these products ?
The products $\gamma^0\gamma^1$, $\gamma^0\gamma^2$,$\gamma^0\gamma^3$ are sometimes called the "velocity operator" (divided by c). They are identical with the matrix usually called "alpha" $\vec{\alpha}$, where the Dirac equation is:
$$
\frac{1}{c}\frac{\partial \psi}{\partial t} + \vec{\alpha}\cdot{\vec \nabla}\psi + \frac{imc}{\hbar}\psi = 0
$$
One physical interpretation, at least for this subset of Gamma matrices, is that they are related to the velocity. Of course, it doesn't help the interpretation that the eigenvalues are $\pm 1$. But nevertheless, we often see c$\vec \alpha$ being called the velocity operator (since, for example, $\frac{\partial H}{\partial p} = c\vec \alpha$.)
...It means that Dirac theory, in fact, is based on a wider structure. What is the structure ?
This part of OP's question is not entirely clear to me.
The Dirac equation is derived by treating $ct$, $x$, $y$, and $z$ symmetrically and demanding that only the first derivative wrt time occur. This can only be accomplished by an equation that involves at least 4x4 matrices. You can generalize to larger matrices, if this is what you are asking about.
General Reference: "Intermediate Quantum Mechanics" (3rd Edition) by Bethe and Jackiw. Chapter 22 "Dirac Equation, Formal Theory."