This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive molecules, particularly those targeting neurological and inflammatory disorders. Its unique spirocyclic structure makes it a valuable scaffold for designing drugs with enhanced stability and specificity. Additionally, it is explored in the synthesis of heterocyclic compounds, which are crucial in creating novel therapeutic agents. Researchers also investigate its potential in material science, particularly in the development of advanced polymers and coatings with specialized properties.