This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its unique spirocyclic structure makes it valuable for developing compounds with potential therapeutic applications, particularly in the design of drugs targeting neurological disorders and cardiovascular diseases. Additionally, it serves as a building block in the creation of complex organic frameworks, which are essential for advancing research in drug discovery and development. Its versatility also extends to its use in the preparation of ligands for catalysis and in the study of novel chemical reactions.