This chemical is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the production of various complex molecules. Its unique spirocyclic structure makes it valuable in the development of pharmaceuticals, particularly in the synthesis of bioactive compounds and drug candidates. Additionally, it is employed in the creation of specialty chemicals, including fragrances and flavoring agents, due to its ability to impart distinct structural features. In material science, it is explored for its potential in designing novel polymers and coatings with specific properties. Its reactivity and stability under different conditions make it a useful component in research and industrial applications.