This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of bioactive compounds. It serves as a key intermediate in the creation of various heterocyclic molecules, which are often explored for their potential therapeutic properties. Its unique structure, featuring a spirocyclic framework, makes it valuable in designing novel drugs targeting neurological disorders, such as Parkinson's disease and depression. Additionally, it is employed in organic chemistry studies to investigate cyclopropane ring-opening reactions, which are critical in understanding reaction mechanisms and developing new synthetic methodologies. Its application extends to material science, where it is used to develop advanced polymers with specific mechanical and chemical properties.