This chemical is primarily utilized in organic synthesis as a versatile intermediate for the development of complex molecules. Its unique spirocyclic structure makes it valuable in the construction of pharmacologically active compounds, particularly in the field of medicinal chemistry. Researchers often employ it to design and synthesize novel drug candidates, especially those targeting neurological and inflammatory disorders. Additionally, it serves as a key building block in the preparation of advanced materials, such as polymers with specific mechanical or thermal properties. Its carboxylic acid group allows for further functionalization, enabling the creation of derivatives tailored for specific applications in both pharmaceutical and material sciences.