This compound finds its application primarily in organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its unique spirocyclic structure makes it valuable in the development of pharmaceuticals, particularly in the creation of compounds with potential therapeutic effects. It is also utilized in material science for designing novel polymers and coatings, leveraging its stability and reactivity. Additionally, its presence in fragrance and flavor industries is notable, where it contributes to the synthesis of aromatic compounds.