This compound is primarily utilized in organic synthesis as a versatile building block for the creation of complex molecular structures. Its spirocyclic framework makes it valuable in the development of pharmaceuticals, particularly in the design of drug candidates with unique three-dimensional architectures. It is also employed in materials science for the synthesis of polymers and advanced materials, where its rigid structure can impart desirable mechanical and thermal properties. Additionally, it serves as an intermediate in the production of specialty chemicals, including agrochemicals and fine chemicals, due to its reactivity and ability to undergo various chemical transformations.