This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the development of more complex molecules. Its unique spirocyclic structure makes it valuable in the synthesis of heterocyclic compounds, which are often explored for their potential pharmacological activities. Researchers leverage this chemical in the design and creation of novel drug candidates, particularly in the development of compounds targeting neurological disorders and cancer. Additionally, its structural features make it a useful building block in the study of molecular interactions and the development of new materials with specific electronic or optical properties.