This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its unique spirocyclic structure makes it valuable for developing molecules with potential therapeutic effects, particularly in the treatment of neurological disorders and conditions related to the central nervous system. Researchers often employ it to create compounds that target specific enzymes or receptors, aiding in drug discovery and development. Additionally, its stability and reactivity under controlled conditions make it suitable for use in organic synthesis and structure-activity relationship studies.