This compound is primarily utilized in organic synthesis as a versatile intermediate. Its spirocyclic structure makes it valuable in the construction of complex molecules, particularly in the development of pharmaceuticals and agrochemicals. It is often employed in the synthesis of heterocyclic compounds, which are crucial in drug discovery due to their diverse biological activities. Additionally, its unique framework is explored in material science for designing novel polymers and coatings with specific properties. The compound’s reactivity also allows it to serve as a building block in the creation of fragrances and flavoring agents, contributing to the development of unique sensory profiles.