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 system, makes it valuable for constructing frameworks found in various pharmaceuticals and bioactive compounds. Researchers often employ it in the development of potential therapeutic agents, particularly those targeting neurological disorders, due to its ability to interact with specific biological pathways. Additionally, its chromene moiety is of interest in materials science, where it can be incorporated into organic dyes or photoresponsive materials for advanced technological applications.