This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex chemical structures. Its unique spirocyclic framework and functional groups make it valuable in the preparation of heterocyclic compounds, which are often explored for their potential biological activities. Researchers leverage its reactivity in the design of novel pharmaceutical agents, particularly in the development of drugs targeting neurological disorders or as anti-inflammatory agents. Additionally, its structural features are of interest in materials science, where it may contribute to the synthesis of advanced polymers or coatings with specialized properties.