This chemical is primarily utilized in organic synthesis as a versatile building block for the construction of complex molecular structures. Its spirocyclic framework and iodine substituent make it a valuable intermediate in the development of pharmaceuticals, particularly in the synthesis of biologically active compounds. The iodine atom can undergo various cross-coupling reactions, enabling the introduction of diverse functional groups. Additionally, its unique structure is explored in materials science for creating novel polymers and advanced materials with specific properties. Its application extends to research in medicinal chemistry, where it is used to design and optimize drug candidates with enhanced efficacy and selectivity.