This compound is primarily utilized in the synthesis of various pharmaceuticals, particularly as a key intermediate in the production of drugs targeting neurological disorders. Its unique spirocyclic structure makes it valuable in the development of compounds that interact with specific receptors in the brain, aiding in the treatment of conditions such as anxiety, depression, and cognitive impairments. Additionally, it finds application in the creation of advanced materials, where its chemical properties contribute to the development of polymers with enhanced stability and performance. Its role in organic synthesis also extends to the production of specialized chemicals used in research and industrial processes.