This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the development of more complex molecules. Its unique structure, featuring a spirocyclic framework, makes it valuable for constructing diverse chemical architectures, particularly in pharmaceutical research. It is often employed in the synthesis of potential drug candidates, especially those targeting neurological or metabolic disorders, due to its ability to interact with specific biological pathways. Additionally, its dihydroxy and carbonyl functional groups provide reactive sites for further chemical modifications, enabling the creation of derivatives with tailored properties for various applications. In material science, it can be used to develop novel organic compounds with specific optical or electronic characteristics.