This chemical is primarily utilized in organic synthesis as a versatile intermediate for the production of complex molecules. Its unique spirocyclic structure makes it valuable in the development of pharmaceuticals, particularly in the synthesis of compounds with potential biological activity. Additionally, it serves as a key building block in the creation of agrochemicals, where its reactivity allows for the introduction of specific functional groups. The compound is also employed in materials science for the design of novel polymers and specialty chemicals, leveraging its ability to form stable and diverse molecular architectures. Its application extends to research laboratories, where it is used to explore new synthetic pathways and chemical transformations.