This compound is primarily utilized in organic synthesis as a versatile building block for the creation of complex molecules. Its spirocyclic structure makes it valuable in the development of pharmaceuticals, particularly in the design of compounds with potential biological activity. It is often employed in the synthesis of heterocyclic compounds, which are crucial in drug discovery for targeting various diseases. Additionally, it serves as a key intermediate in the preparation of agrochemicals, contributing to the development of new pesticides or herbicides. Its unique structure also finds applications in material science, where it can be used to create novel polymers or coatings with specific properties.