This compound is primarily utilized in organic synthesis as a versatile building block, particularly in cross-coupling reactions. It serves as a key intermediate in the preparation of complex organic molecules, including pharmaceuticals and agrochemicals. Its spirocyclic structure and boronic ester functional group make it valuable in Suzuki-Miyaura coupling reactions, enabling the formation of carbon-carbon bonds with high efficiency and selectivity. Additionally, it is employed in the development of advanced materials, such as polymers and liquid crystals, due to its ability to introduce specific functional groups into molecular frameworks. Its stability and reactivity under mild conditions make it a preferred choice in various synthetic pathways.