This compound is primarily utilized in organic synthesis as a building block for more complex molecules. Its unique spirocyclic structure makes it valuable in the development of pharmaceuticals, particularly in the creation of novel drug candidates with enhanced stability and bioavailability. Additionally, it serves as an intermediate in the production of specialty chemicals, including agrochemicals and fine chemicals, where its structural features contribute to the desired properties of the final products. Its application extends to research and development, where it is explored for its potential in designing new materials and bioactive compounds.