This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its unique spirocyclic structure makes it valuable for constructing pharmacologically active compounds, particularly in the development of drugs targeting neurological disorders. Additionally, it is employed in the synthesis of novel materials with potential applications in advanced chemical research and industrial processes. Its reactive functional groups allow for further modifications, enabling the creation of diverse derivatives for various scientific and industrial purposes.