This chemical is primarily utilized in the field of organic synthesis, where it serves as a chiral building block for the construction of complex molecules. Its unique spirocyclic structure and chiral centers make it valuable in the development of pharmaceuticals, particularly in the synthesis of enantiomerically pure drugs. It is also employed in the production of ligands for asymmetric catalysis, enhancing the efficiency and selectivity of chemical reactions. Additionally, its diol functionality allows for further chemical modifications, making it a versatile intermediate in the synthesis of specialty chemicals and advanced materials.