This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its unique structure, featuring a spirocyclopropane and indoline moiety, makes it a valuable intermediate in the creation of biologically active molecules. Researchers often explore its potential in designing compounds with therapeutic properties, such as anti-inflammatory, anticancer, or neuroprotective effects. Additionally, its methoxy group enhances its reactivity and solubility, facilitating its incorporation into complex chemical frameworks during drug discovery processes.