Used primarily as a building block in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its strained spirocyclic structure makes it valuable for constructing complex molecular frameworks with enhanced stereochemical control. It is often employed in the design of bioactive compounds where ring strain and three-dimensionality influence metabolic stability and target binding. Additionally, derivatives of this compound may serve as intermediates in the synthesis of specialty polymers and functional materials requiring rigid, compact molecular units.