This compound is primarily utilized in organic synthesis, particularly in the development of complex molecular structures. It serves as a key intermediate in the production of various pharmaceuticals, where its spirocyclic framework contributes to the creation of bioactive molecules. Additionally, it is employed in the synthesis of agrochemicals, aiding in the development of pesticides and herbicides due to its unique chemical properties. The compound's structure also makes it valuable in materials science, where it is used to create specialized polymers and coatings with enhanced durability and performance. Its versatility in forming stable intermediates makes it a crucial component in research and industrial applications.