This chemical 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 used in medicinal chemistry. It is often employed in the development of drugs targeting neurological disorders, as its framework can mimic certain natural compounds that interact with the central nervous system. Additionally, it finds application in the synthesis of bioactive compounds with potential anti-inflammatory and antimicrobial properties. Researchers also explore its use in creating novel materials with specific chemical properties, leveraging its rigid and stable ring system.