This compound is primarily utilized in organic synthesis as a versatile intermediate for the preparation of various pharmaceuticals and fine chemicals. Its spirocyclic structure makes it valuable in the development of complex molecules, particularly in the synthesis of heterocyclic compounds. It is often employed in the construction of biologically active molecules, including those with potential therapeutic applications. Additionally, it serves as a key building block in the production of agrochemicals, where its unique structure contributes to the creation of effective crop protection agents. The compound's reactivity and stability make it a preferred choice for researchers working on innovative chemical processes and materials.