This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate or building block in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of compounds with potential therapeutic effects, such as those targeting neurological disorders or acting as enzyme inhibitors. Researchers often explore its derivatives for their pharmacological properties, including anti-inflammatory, antimicrobial, or anticancer activities. Additionally, its unique spirocyclic structure makes it a candidate for drug discovery programs focused on optimizing drug-like properties, such as bioavailability and metabolic stability.