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 and functional groups make it a valuable building block for developing potential therapeutic agents, particularly in the design of enzyme inhibitors and anticancer drugs. Researchers have explored its role in creating compounds that target specific cellular pathways, leveraging its ability to interact with biological receptors. Additionally, its chemical properties are being investigated for applications in drug discovery programs aimed at addressing diseases such as cancer, inflammation, and infectious diseases.