This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its unique spirocyclic structure makes it valuable for constructing pharmacologically active compounds, particularly in the development of drugs targeting neurological disorders. Researchers often employ it in the synthesis of potential therapeutic agents due to its ability to introduce specific structural motifs that are crucial for biological activity. Additionally, it finds application in material science, where its rigid framework can be incorporated into polymers or coatings to enhance their mechanical properties. Its versatility also extends to catalysis, where it can act as a ligand or precursor in various chemical reactions.