This chemical is primarily utilized in organic synthesis as a versatile intermediate. Its unique spirocyclic structure makes it valuable for constructing complex molecules, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key building block in the synthesis of biologically active compounds, including potential drug candidates targeting neurological and metabolic disorders. Additionally, its reactive functional groups allow for further modifications, enabling the creation of diverse chemical libraries for screening purposes. In material science, it can be incorporated into polymers to enhance specific properties such as flexibility or thermal stability. Its application extends to fragrance and flavor industries, where it contributes to the synthesis of novel aromatic compounds.