This compound is primarily utilized in organic synthesis as a versatile building block for the creation of complex molecular structures. Its spirocyclic framework makes it valuable in the development of pharmaceuticals, where it can be incorporated into drug candidates to enhance their biological activity or stability. Additionally, it serves as a key intermediate in the synthesis of fine chemicals and specialty materials, particularly in the production of polymers and agrochemicals. Its unique structure allows for the introduction of functional groups, enabling the design of molecules with tailored properties for specific applications.