This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a valuable intermediate in the development of complex molecules, particularly those with spirocyclic structures, which are often found in bioactive compounds. Its unique spiro[3.4]octane framework makes it a key building block for designing drugs with potential therapeutic applications, such as antimicrobial or anti-inflammatory agents. Additionally, its oxalate salt form enhances stability and solubility, facilitating its use in various chemical reactions and formulations. Researchers also explore its potential in creating novel materials or catalysts due to its distinct structural properties.