This chemical is primarily utilized in organic synthesis as a building block for more complex molecules. Its unique spirocyclic structure makes it valuable in the development of pharmaceuticals, particularly in the design of drug candidates with specific stereochemical properties. It is also employed in the creation of novel polymers and materials, where its rigid framework can impart desirable mechanical and thermal properties. Additionally, it serves as an intermediate in the synthesis of fine chemicals and agrochemicals, contributing to the development of new products in these industries.