Used primarily as a versatile intermediate in organic synthesis, this compound is valuable in the development of pharmaceuticals, particularly in the creation of spirocyclic structures that are often found in bioactive molecules. Its unique spirocyclic ether framework makes it useful in designing drugs with enhanced stability and specific targeting properties. Additionally, it finds application in the synthesis of agrochemicals, where its structure can contribute to the development of novel pesticides or herbicides. In material science, it is employed in the production of specialized polymers and resins, where its spirocyclic nature can impart desirable physical and chemical properties to the final product.