This chemical is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of complex molecules, particularly in the synthesis of spirocyclic compounds. These compounds are of significant interest due to their potential biological activities, including anti-inflammatory, anticancer, and antimicrobial properties. Additionally, its unique structure makes it valuable in the study of new reaction mechanisms and the design of novel drug candidates. Researchers also explore its use in material science for creating advanced polymers with specific properties.