This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the development of various pharmaceuticals. Its unique spirocyclic structure makes it valuable for constructing complex molecules, particularly in the synthesis of bioactive compounds. Researchers often employ it in the creation of novel drugs targeting neurological disorders, as its framework can mimic certain natural substrates in the brain. Additionally, it finds application in the development of agrochemicals, where its structural properties contribute to the design of effective pesticides and herbicides. Its versatility in chemical reactions also makes it a useful building block in material science, particularly in the synthesis of polymers with specialized properties.