This chemical is primarily utilized in organic synthesis as a versatile intermediate. It is often employed in the development of complex molecular structures, particularly in the pharmaceutical industry, where it serves as a building block for active pharmaceutical ingredients (APIs). Its unique spirocyclic structure makes it valuable in creating compounds with specific stereochemistry, which is crucial for drug efficacy. Additionally, it is used in research and development for exploring new chemical entities and optimizing synthetic routes. Its applications extend to material science, where it contributes to the synthesis of advanced polymers and specialty chemicals.