This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex chemical structures. Its unique spirocyclic framework makes it valuable for constructing molecules with specific three-dimensional configurations, which are often required in the development of pharmaceuticals. Additionally, it is employed in the creation of ligands for catalytic systems, enhancing the efficiency and selectivity of various chemical reactions. The compound's stability and reactivity also make it suitable for use in research and development processes aimed at discovering new chemical entities with potential therapeutic applications.