This chemical is primarily utilized in the synthesis of complex organic compounds, particularly in the development of pharmaceuticals. Its unique spirocyclic structure makes it a valuable intermediate in the creation of drugs targeting neurological disorders, as it can mimic certain biological structures and enhance drug efficacy. Additionally, it is employed in the production of specialized polymers and coatings, where its stability and specific ring system contribute to improved material properties. In research, it serves as a building block for exploring new chemical reactions and pathways, aiding in the discovery of novel compounds with potential industrial or therapeutic applications.