This compound is primarily utilized in organic synthesis and pharmaceutical research as a key intermediate. It plays a significant role in the development of complex molecules, particularly in the construction of spirocyclic structures, which are often found in biologically active compounds. Its unique spirocyclic framework makes it valuable for designing drugs targeting neurological disorders, anti-inflammatory agents, and other therapeutic applications. Additionally, it is employed in the study of reaction mechanisms and the exploration of novel synthetic pathways in medicinal chemistry.