This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its unique spirocyclic structure makes it valuable for constructing compounds with specific three-dimensional configurations, which are often required in the development of pharmaceuticals. Additionally, it finds application in the research and development of new materials, particularly those requiring precise molecular architectures. The furan moiety in its structure can also be leveraged in the synthesis of heterocyclic compounds, which are important in various industrial and medicinal chemistry applications.