This chemical is primarily used in organic synthesis as a versatile intermediate. Its trifluoromethanesulfonate (triflate) group makes it highly reactive, enabling it to participate in various coupling reactions, such as Suzuki or Heck reactions, which are essential for constructing complex organic molecules. The spirocyclic structure provides stability while allowing for further functionalization, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its unique reactivity is exploited in the synthesis of spirocyclic compounds, which are often found in biologically active molecules and natural products.