This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of complex molecules, particularly in the synthesis of spirocyclic compounds, which are often explored for their potential biological activities. Its unique spirocyclic structure makes it valuable for constructing frameworks that mimic natural products or drug-like molecules. Researchers leverage its chemical properties to design and optimize new therapeutic agents, especially in areas such as central nervous system disorders or enzyme inhibition. Additionally, it may be employed in material science for creating specialized polymers or coatings with tailored properties.