This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active molecules. It serves as a building block for the development of pharmaceutical agents, particularly those targeting neurological disorders and enzyme inhibition. Its spirocyclic structure is valuable for creating compounds with enhanced stability and specificity, making it a critical component in drug discovery processes. Additionally, it is employed in research to study structure-activity relationships, aiding in the optimization of drug candidates for improved efficacy and reduced side effects.