Primarily used in organic synthesis, this compound serves as a key intermediate in the development of pharmaceuticals. Its spirocyclic structure is particularly valuable in creating complex molecules with potential therapeutic properties. Researchers utilize it to explore new drug candidates, especially in the fields of neurology and oncology, where such structures can enhance drug efficacy and specificity. Additionally, it finds application in the synthesis of agrochemicals, contributing to the development of more effective and environmentally friendly pesticides. Its unique ring system also makes it a subject of interest in material science, where it aids in the design of novel polymers with specialized properties.