This chemical is primarily utilized in the synthesis of complex organic compounds, particularly in the development of fragrances and flavors. Its unique spirocyclic structure makes it a valuable intermediate in creating musky and woody scent profiles, which are highly sought after in the perfume industry. Additionally, it serves as a building block in the production of pharmaceuticals, where its structural framework can be incorporated into drug molecules to enhance their stability or bioavailability. In material science, it is explored for its potential in creating novel polymers with specific mechanical or thermal properties. Its versatility in organic synthesis also extends to agrochemicals, where it may be used to develop new active ingredients for crop protection.