This chemical is primarily utilized in organic synthesis as a versatile intermediate. Its unique spirocyclic structure makes it valuable in the development of complex molecules, particularly in pharmaceutical research. It is often employed in the construction of heterocyclic compounds, which are crucial in drug discovery and development. Additionally, it can serve as a precursor in the synthesis of specialized polymers and materials with tailored properties. Its reactivity and functional groups allow for modifications that are essential in creating advanced chemical entities for various industrial applications.