This chemical is primarily utilized in organic synthesis as a versatile intermediate. It is often employed in the preparation of complex spirocyclic compounds, which are valuable in the development of pharmaceuticals and agrochemicals. Its unique structure allows it to act as a building block for creating molecules with potential biological activity. Additionally, it is used in research settings to study ring-opening reactions and to explore new synthetic pathways for designing novel compounds with specific properties. Its application extends to the field of material science, where it can contribute to the development of advanced polymers and functional materials.