This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its unique spirocyclic structure makes it valuable for constructing complex molecules, particularly those targeting neurological and cardiovascular diseases. Additionally, it is employed in the development of agrochemicals, where it acts as a building block for creating novel pesticides and herbicides. Its stability and reactivity also make it suitable for use in materials science, particularly in the synthesis of polymers and coatings with specific performance characteristics.