This chemical is primarily utilized in the field of organic synthesis as a versatile building block for creating more complex molecular structures. Its unique spirocyclic framework makes it valuable in the development of pharmaceuticals, particularly in the design of compounds with specific biological activities. Additionally, it is employed in the synthesis of agrochemicals, where its structural features contribute to the efficacy of pest control agents. The compound also finds use in material science, aiding in the creation of advanced polymers and coatings with tailored properties. Its stability and reactivity under various conditions make it a preferred choice in research and industrial applications.