This chemical is primarily utilized in the field of organic synthesis and materials science. It serves as a key intermediate in the production of specialized dyes and pigments, particularly those used in high-performance imaging and printing technologies. Its unique structure allows for the creation of compounds with specific light-absorption properties, making it valuable in the development of advanced optical materials. Additionally, it finds application in the synthesis of bioactive molecules for pharmaceutical research, where its brominated spiroxanthene core can be modified to produce compounds with potential therapeutic activities. Its stability and reactivity also make it suitable for use in cross-coupling reactions, which are essential in constructing complex organic molecules.