This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the development of complex organic compounds. Its unique structure makes it valuable for constructing molecules with potential biological activity, particularly in pharmaceutical research. It is often employed in the synthesis of heterocyclic compounds, which are crucial for designing drugs targeting various diseases. Additionally, its spirocyclic framework is explored in material science for creating novel organic materials with specific optical or electronic properties. Researchers also investigate its potential in developing dyes or pigments due to its structural characteristics.