This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex chemical structures. Its unique spirocyclic framework makes it valuable for constructing molecules with specific three-dimensional shapes, which are often required in the development of pharmaceuticals and agrochemicals. Additionally, it is explored in the creation of novel dyes and pigments due to its chromene moiety, which can impart desirable optical properties. Researchers also investigate its potential in material science, particularly in the design of organic electronic components, where its structural rigidity and electronic characteristics can be advantageous.