This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the development of more complex chemical structures. Its unique spirocyclic and oxa-bridged framework makes it valuable for constructing molecules with specific stereochemical and structural properties. In pharmaceutical research, it is often employed in the synthesis of potential drug candidates, particularly those targeting neurological and cardiovascular diseases. Additionally, its structural features are explored in material science for designing novel polymers and coatings with enhanced stability and performance. The compound's reactivity also makes it a useful building block in the creation of fine chemicals and specialty materials.