This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its unique spirocyclic structure makes it valuable for constructing complex molecular frameworks, particularly in the development of bioactive compounds. Additionally, it is employed in the synthesis of specialty chemicals, including those used in the formulation of advanced materials and coatings. Its role in facilitating the creation of novel compounds with potential therapeutic and industrial applications underscores its importance in chemical research and development.