This compound is primarily utilized in pharmaceutical research and development as an intermediate in the synthesis of complex molecules. Its structure is particularly valuable in the creation of spirocyclic compounds, which are often explored for their potential biological activity. Researchers leverage its unique framework to design and develop new drug candidates, especially in the fields of neurology and oncology, where spirocyclic structures have shown promise. Additionally, it serves as a building block in organic synthesis, enabling the construction of novel chemical entities for further study and application in medicinal chemistry.