The compound is primarily utilized in the field of organic synthesis as a versatile building block for the creation of complex molecular structures. Its unique spirocyclic framework makes it valuable in the development of pharmaceuticals, particularly in the design of bioactive molecules and drug candidates. Researchers often employ it as a scaffold to explore novel therapeutic agents, especially in areas like central nervous system disorders and antimicrobial treatments. Additionally, it finds use in material science, where its rigid structure contributes to the development of advanced polymers and specialty chemicals with tailored properties. Its applications are driven by its ability to impart stability and specific functionalities to the end products.