This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the development of more complex chemical structures. Its unique spirocyclic framework makes it valuable in the creation of novel pharmaceuticals, particularly in the design of drugs targeting neurological disorders. Additionally, it is employed in the research and development of agrochemicals, contributing to the synthesis of new pesticides and herbicides with enhanced efficacy. The oxalate moiety within the compound also aids in improving solubility and bioavailability, making it a useful component in drug formulation processes.