This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the development of more complex chemical structures. Its unique spirocyclic framework makes it valuable for constructing molecules with specific three-dimensional conformations, which are often required in pharmaceutical research.

In drug discovery, it is employed to create novel compounds with potential therapeutic effects, particularly in targeting enzymes or receptors that play a role in disease pathways. Its structural features allow for modifications that can enhance binding affinity and selectivity, making it a versatile building block in medicinal chemistry.

Additionally, it finds application in the synthesis of agrochemicals, where it contributes to the development of new pesticides or herbicides. Its stability and reactivity under various conditions make it a suitable candidate for creating active ingredients that can effectively combat agricultural pests or weeds.

Overall, this compound is a valuable tool in both pharmaceutical and agrochemical industries, aiding in the creation of innovative solutions for health and agricultural challenges.