This chemical is primarily utilized in organic synthesis as a versatile building block for the creation of more complex molecules. Its unique spirocyclic structure makes it valuable in the development of pharmaceuticals, particularly in the synthesis of compounds with potential biological activity. It is also employed in the research and development of agrochemicals, where its framework can be modified to produce novel pesticides or herbicides. Additionally, its reactivity allows it to serve as an intermediate in the production of fine chemicals and specialty materials, contributing to advancements in material science and industrial chemistry.