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 disorders. Its unique spirocyclic structure makes it valuable for creating compounds with specific stereochemical properties, which are essential for drug efficacy and selectivity. Additionally, it is explored in the design of novel ligands for receptor binding studies, aiding in the discovery of new therapeutic agents. Its application also extends to material science, where it is investigated for its potential in creating advanced polymers with specialized properties.