This compound is primarily utilized in the field of organic synthesis and materials science. It serves as a key intermediate in the development of complex organic molecules, particularly in the synthesis of heterocyclic compounds. Its unique spirocyclic structure makes it valuable for creating novel materials with specific electronic or photophysical properties, which are essential in the design of organic semiconductors or light-emitting diodes (OLEDs). Additionally, it finds application in medicinal chemistry, where it is used as a building block for designing potential drug candidates, especially those targeting neurological or metabolic disorders. Its structural versatility allows researchers to modify its framework to enhance biological activity or optimize pharmacokinetic properties.