This chemical is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate. It is often employed in the development of complex molecules, particularly in the synthesis of heterocyclic compounds. Its unique spirocyclic structure makes it valuable for constructing intricate frameworks in pharmaceuticals and agrochemicals. Additionally, it finds application in materials science, where it is used to modify polymers and enhance their properties, such as thermal stability and mechanical strength. Its reactivity also makes it useful in the preparation of specialty chemicals and fine chemicals for industrial applications.