This chemical finds application in the synthesis of complex organic compounds, particularly in the field of medicinal chemistry. It serves as a key intermediate in the development of indole-based pharmaceuticals, which are known for their diverse biological activities. The compound's structure, featuring both an indole moiety and a dioxaspiro ring, makes it valuable for constructing molecules with potential therapeutic properties, such as serotonin receptor modulators or enzyme inhibitors. Additionally, it is utilized in research to explore novel drug candidates targeting neurological disorders or other conditions influenced by indole derivatives. Its unique chemical framework also aids in the study of spirocyclic systems, which are increasingly important in drug design due to their three-dimensional complexity and stability.