This compound is primarily utilized in the field of organic synthesis, particularly in the development of complex molecular structures. Its unique structure makes it valuable as a building block in the synthesis of pharmaceuticals, where it can serve as an intermediate for drugs targeting neurological disorders. Additionally, it is employed in the preparation of advanced materials, such as polymers with specific optical properties, due to its benzophenone moiety. The compound's spirocyclic component also makes it useful in the design of ligands for catalysis, enhancing the efficiency of certain chemical reactions.