This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of complex organic molecules. Its unique spirocyclic structure makes it valuable in the development of pharmaceuticals, particularly in the synthesis of chiral compounds that require high stereochemical control. Additionally, it is explored in materials science for the creation of novel organic materials with specific optical or electronic properties. Its application in catalysis is also under investigation, where it may act as a ligand or catalyst in asymmetric synthesis, enhancing the efficiency and selectivity of chemical reactions.