Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of complex polycyclic structures. Its rigid spirocyclic framework makes it valuable in the development of specialty chemicals, including potential pharmaceuticals and bioactive molecules. Due to the ketone functionality, it participates in nucleophilic addition and condensation reactions, enabling the construction of carbon-carbon bonds. It is also employed in studies involving stereochemistry and conformational analysis because of its spirocyclic system. Additionally, derivatives of this compound may be explored in materials science for designing novel organic frameworks with specific structural properties.