This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile building block for the creation of more complex molecules. Its unique spirocyclic structure makes it valuable in the development of pharmaceuticals, particularly in the design of drugs targeting the central nervous system. Additionally, it is employed in the synthesis of agrochemicals, contributing to the development of new pesticides and herbicides. The compound's stability and reactivity also make it useful in material science, where it can be incorporated into polymers and coatings to enhance their properties.