This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its unique structure, featuring a spirocyclic system, makes it valuable for constructing frameworks that are often found in pharmaceuticals and bioactive compounds. Researchers leverage its reactivity to develop novel drugs, particularly those targeting neurological and cardiovascular diseases. Additionally, it is explored in material science for designing organic electronic materials due to its potential photophysical properties. Its application extends to the development of dyes and pigments, where its structural characteristics contribute to color stability and intensity.