This chemical is primarily utilized in the field of organic synthesis as a building block for the creation of more complex molecules. Its unique spirocyclic structure makes it valuable in the development of pharmaceuticals, particularly in the design of compounds with potential biological activity. Researchers often employ it in the synthesis of heterocyclic compounds, which are crucial in drug discovery and development. Additionally, it can serve as a precursor in the preparation of ligands for coordination chemistry, aiding in the study of metal complexes. Its application extends to material science, where it may be used to develop novel polymers or advanced materials with specific properties.