This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its unique structure, featuring a spirocyclic framework, makes it valuable for constructing pharmacologically active compounds, particularly in the development of drugs targeting neurological disorders. Researchers also explore its potential in creating novel materials with specific electronic or optical properties, leveraging its rigid and stable cyclopropane-indoline backbone. Additionally, it is studied for its role in asymmetric synthesis, contributing to the development of chiral compounds used in pharmaceuticals and fine chemicals.