This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the development of more complex chemical structures. Its unique spirocyclic framework makes it valuable in the design and synthesis of pharmaceuticals, particularly in the creation of novel drug candidates with potential therapeutic applications. Additionally, it is employed in the research and development of agrochemicals, where its structural properties can contribute to the formulation of new pesticides or herbicides. The compound's stability and reactivity also make it a useful building block in material science, aiding in the creation of advanced polymers or coatings with specialized properties.