Used in antimalarial drug development due to its structural similarity to artemisinin derivatives. The compound acts as a synthetic peroxide, generating reactive oxygen species when exposed to iron in malaria-infected red blood cells, leading to parasite death. Its spirocyclic framework enhances stability and bioavailability, making it a key scaffold in designing next-generation antimalarials with improved resistance profiles. Also explored for antiviral and anticancer applications owing to its selective cytotoxicity under oxidative stress conditions.