This compound is primarily utilized in organic synthesis as a versatile intermediate. Its unique spirocyclic structure makes it valuable in the development of complex molecules, particularly in pharmaceutical research where it can serve as a building block for drug candidates. Additionally, it finds application in the synthesis of specialty chemicals, including fragrances and flavoring agents, due to its distinct structural and chemical properties. Its reactivity and stability under various conditions make it a useful component in advanced material science, particularly in the creation of novel polymers or coatings.