This compound is primarily utilized in organic synthesis as a building block for more complex molecules. Its unique spirocyclic structure makes it valuable in the development of pharmaceuticals, particularly in the creation of novel drug candidates with specific stereochemical properties. Additionally, it serves as a precursor in the synthesis of fine chemicals and specialty materials, where its rigid framework can impart desirable physical and chemical properties. In material science, it is explored for its potential in designing advanced polymers and coatings, leveraging its stability and structural characteristics.