Used in organic synthesis as a building block for creating complex molecules, particularly in pharmaceutical research. It serves as a key intermediate in the development of novel drugs, including antibiotics and antiviral agents. Its unique spirocyclic structure makes it valuable for designing molecules with specific biological activities. Additionally, it is employed in the study of enzyme inhibition and receptor binding due to its ability to mimic certain natural compounds. Its application extends to material science, where it is explored for creating polymers with specialized properties.