This compound is primarily utilized in the field of organic synthesis, particularly as a key intermediate in the production of more complex chemical structures. Its unique spirocyclic and benzophenone components make it valuable in the development of pharmaceuticals, where it can serve as a building block for drugs targeting neurological disorders. Additionally, it finds application in material science, contributing to the synthesis of advanced polymers and coatings with specific optical or mechanical properties. Its stability and reactivity also make it suitable for use in research and development of novel organic compounds with potential industrial or medicinal applications.