Used in the synthesis of complex organic molecules, particularly in the development of fragrances and flavors due to its unique spirocyclic structure. It serves as a key intermediate in the production of fine chemicals and specialty compounds.

In the pharmaceutical industry, it is utilized in the creation of active pharmaceutical ingredients (APIs) for drugs targeting neurological and metabolic disorders. Its structural properties make it valuable in designing molecules with specific biological activities.

Additionally, it finds application in material science for the development of polymers and resins with enhanced stability and performance. Its incorporation into polymers can improve thermal and mechanical properties, making it suitable for advanced industrial applications.