This compound is primarily utilized in the pharmaceutical and chemical research industries. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly in the development of drugs targeting neurological disorders. Its unique spirocyclic structure makes it valuable for creating compounds with specific binding properties, which are essential for modulating receptor activity in the central nervous system. Additionally, it is employed in the preparation of chiral catalysts used in asymmetric synthesis, enabling the production of enantiomerically pure substances. Its applications also extend to material science, where it contributes to the development of advanced polymers with tailored properties.