This chemical is primarily utilized in the field of organic synthesis as a building block for the development of complex molecular structures. Its unique spirocyclic framework makes it valuable in the design of ligands for catalysis, particularly in asymmetric synthesis where precise control over molecular geometry is crucial. Additionally, it finds application in the pharmaceutical industry, where it serves as a core structure for the development of potential drug candidates, especially those targeting neurological disorders. Its ability to form stable complexes with metal ions also makes it useful in coordination chemistry for the creation of novel materials with specific electronic or magnetic properties.