This compound is primarily utilized in the field of organic synthesis as a versatile intermediate. It serves as a key building block in the development of various pharmaceuticals, particularly in the synthesis of complex molecules with potential therapeutic applications. Its unique spirocyclic structure makes it valuable for constructing frameworks that are often challenging to achieve through conventional methods. Additionally, it is employed in the preparation of heterocyclic compounds, which are crucial in drug discovery and development due to their diverse biological activities. Researchers also explore its use in creating novel materials with specific properties, leveraging its structural features for tailored applications.