This compound is primarily utilized in the field of organic synthesis, particularly as a building block for the development of complex molecules. Its unique spirocyclic structure makes it valuable in the design of pharmaceuticals, where it can serve as a key intermediate in the synthesis of active pharmaceutical ingredients (APIs). Additionally, it is employed in the creation of novel chemical entities for drug discovery, especially in the development of compounds targeting neurological and metabolic disorders. Its application extends to material science, where it is explored for the synthesis of advanced polymers and specialty chemicals with tailored properties.