This chemical is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the construction of complex molecular structures. Its unique spirocyclic and bicyclic framework makes it valuable in the development of pharmaceuticals, particularly in the synthesis of bioactive compounds and drug candidates. It is often employed in the preparation of heterocyclic compounds, which are essential in medicinal chemistry for their potential therapeutic properties. Additionally, its structure allows for modifications that can lead to the discovery of new chemical entities with applications in agrochemicals and materials science. Researchers also explore its use in catalytic processes and as a building block for designing novel polymers with specific properties.