This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of complex molecules. Its unique structure makes it valuable for constructing spirocyclic compounds, which are often found in pharmaceuticals and bioactive agents. Researchers employ it to develop potential drug candidates, particularly in the synthesis of compounds targeting neurological disorders and other therapeutic areas. Additionally, its spirocyclic framework is explored in material science for designing novel polymers and functional materials with specific properties. The compound's versatility in chemical reactions also makes it a useful tool in academic and industrial research for studying reaction mechanisms and developing new synthetic methodologies.