This compound is primarily utilized in organic synthesis as a versatile intermediate. Its spirocyclic structure makes it valuable in the development of complex molecules, particularly in pharmaceutical research. It is often employed in the creation of biologically active compounds, including potential drug candidates, due to its ability to introduce unique structural motifs. The trifluoroacetate group enhances its reactivity, making it useful in various chemical transformations. Additionally, it finds application in material science, where it contributes to the synthesis of specialized polymers and coatings with specific properties. Its role in catalytic processes and as a building block in medicinal chemistry highlights its importance in advancing both industrial and academic research.