This chemical is primarily utilized in organic synthesis as a versatile intermediate. It plays a significant role in the development of complex molecular structures, particularly in the synthesis of spirocyclic compounds. These compounds are often explored for their potential in pharmaceutical research, where they can serve as building blocks for drugs with unique biological activities. Additionally, it is employed in the creation of specialty chemicals and materials, contributing to advancements in fields such as agrochemicals and material science. Its spirocyclic nature makes it valuable for designing molecules with specific steric and electronic properties, enhancing the efficiency of synthetic pathways.