This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its unique spirocyclic structure makes it a valuable building block for creating molecules with potential therapeutic properties. It is often employed in the design of central nervous system (CNS) drugs, as its structural features can interact effectively with neurological targets. Additionally, it serves as a key intermediate in the preparation of compounds being studied for their anti-inflammatory, analgesic, or antidepressant effects. Its versatility in chemical synthesis allows researchers to explore diverse pharmacological applications, contributing to advancements in medicinal chemistry.