This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its unique structure, featuring a spirocyclic ring system, makes it particularly valuable in the development of compounds with specific biological activities. It is often employed in the synthesis of molecules that target enzymes or receptors, contributing to the creation of drugs for treating diseases such as cancer, infections, and neurological disorders. Additionally, its reactivity allows for the introduction of diverse functional groups, enabling the fine-tuning of chemical properties to enhance efficacy and selectivity in target applications.