This compound is primarily utilized in organic synthesis as a versatile intermediate for the development of more complex chemical structures. Its unique spirocyclic framework and functional groups make it valuable in the construction of pharmaceuticals, particularly in the design of drug candidates targeting neurological disorders. Additionally, it serves as a building block in the synthesis of agrochemicals, contributing to the creation of novel pesticides and herbicides. The compound's stability and reactivity also make it suitable for research in material science, where it can be used to develop polymers with specific properties. Its application extends to the field of fine chemicals, where it aids in the production of specialty compounds for various industrial uses.