This chemical is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive compounds, particularly those targeting neurological and cardiovascular disorders. Its unique structure, featuring a spirocyclic moiety, makes it valuable for designing molecules with specific receptor-binding properties. Researchers often employ it in the synthesis of potential drug candidates, focusing on its ability to modulate enzyme activity or receptor interactions. Additionally, it is explored in the creation of novel therapeutic agents due to its potential to enhance drug efficacy and selectivity. Its applications extend to material science, where it is investigated for its role in developing advanced polymers with tailored properties.