This compound is primarily utilized in the field of organic synthesis, particularly as a building block or intermediate in the development of more complex chemical structures. Its spirocyclic framework makes it valuable for constructing molecules with specific three-dimensional geometries, which is crucial in pharmaceutical research. It is often employed in the synthesis of bioactive compounds, including potential drug candidates, where its unique structure can contribute to enhanced binding affinity or selectivity towards biological targets. Additionally, it may be used in the preparation of ligands for catalysis or in material science for creating novel polymers with tailored properties. Its stability and reactivity under controlled conditions make it a versatile reagent in synthetic chemistry.