This chemical is primarily utilized in the pharmaceutical and agrochemical industries due to its unique spirocyclic structure, which is valuable in the synthesis of bioactive compounds. It serves as a key intermediate in the development of various drugs, particularly those targeting neurological disorders, as its structure can mimic certain natural compounds that interact with the central nervous system. Additionally, it is employed in the creation of pesticides and herbicides, where its spirocyclic framework contributes to the stability and efficacy of the final product. Its versatility in organic synthesis also makes it a valuable building block for researchers exploring new chemical entities with potential therapeutic or agricultural applications.