This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceutical compounds. Its unique spirocyclic structure makes it valuable for constructing complex molecules, particularly in the development of drugs targeting neurological disorders. Additionally, it is employed in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides. The compound's stability and reactivity also make it suitable for use in research and development of novel chemical entities, particularly in medicinal chemistry.