This compound is primarily used in organic synthesis as a versatile building block for creating complex molecular structures. Its unique spirocyclic framework makes it valuable in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) with specific stereochemical requirements. Additionally, it serves as a precursor in the production of fine chemicals and specialty polymers, where its reactivity allows for the formation of novel materials with tailored properties. In research, it is often employed in studies focused on ring-opening reactions and cyclization processes, aiding in the exploration of new synthetic pathways.