This compound is primarily utilized in the field of organic synthesis, particularly as an intermediate in the development of pharmaceuticals. Its unique spirocyclic structure makes it valuable for constructing complex molecules, often in the synthesis of biologically active compounds. It is commonly employed in the preparation of drug candidates targeting neurological disorders, due to its ability to interact with specific receptors in the brain. Additionally, its stability and reactivity make it a suitable building block for creating novel chemical entities in medicinal chemistry research.