This chemical is primarily utilized in organic synthesis and material science due to its unique spirocyclic structure. It serves as a key intermediate in the development of complex organic molecules, particularly in the synthesis of heterocyclic compounds. Its rigid bicyclic framework and functional groups make it valuable in designing ligands for catalysis and in creating novel polymers with specific mechanical or electronic properties. Additionally, it is explored in pharmaceutical research for its potential in drug discovery, particularly in the development of compounds with targeted biological activity. Its application in supramolecular chemistry is also notable, where it aids in the construction of molecular assemblies and frameworks.