Used as a versatile intermediate in organic synthesis, particularly in the development of pharmaceuticals and fine chemicals. Its spirocyclic structure makes it valuable for constructing complex molecules with specific stereochemistry. It is often employed in the synthesis of biologically active compounds, including potential drug candidates targeting neurological disorders and inflammation. Additionally, it serves as a building block for creating polymers and materials with unique properties, such as enhanced stability or controlled degradation. Its applications extend to agrochemical research, where it aids in the development of novel pesticides and herbicides.