This chemical is primarily used in organic synthesis as a versatile intermediate. It serves as a key building block in the production of various pharmaceuticals, particularly in the development of compounds with spirocyclic structures. Its unique spirocyclic framework is valuable in creating complex molecules for drug discovery, often targeting neurological and metabolic disorders. Additionally, it is utilized in the synthesis of specialty chemicals, including agrochemicals and fragrances, where its structural properties enhance stability and functionality. Its application in material science is also notable, particularly in the development of polymers and coatings with specific performance characteristics.