This chemical is primarily utilized in organic synthesis as a versatile building block for the development of complex molecules. Its unique spirocyclic structure makes it valuable in the creation of pharmacologically active compounds, particularly in the field of medicinal chemistry. It serves as a key intermediate in the synthesis of various heterocyclic compounds, which are often explored for their potential therapeutic applications. Additionally, it is employed in the preparation of ligands and catalysts used in asymmetric synthesis, aiding in the production of chiral molecules. Its stability and reactivity also make it suitable for use in polymer chemistry, where it can contribute to the development of novel materials with specific properties.