Used primarily in the field of organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. Its unique spirocyclic structure makes it valuable for developing drugs that target the central nervous system, particularly in the treatment of neurological disorders. Additionally, it is utilized in the creation of agrochemicals, where it helps in formulating compounds that protect crops from pests and diseases. Researchers also explore its potential in material science, leveraging its structural properties to develop novel polymers and coatings with specific functionalities.