This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its unique spirocyclic structure makes it a valuable scaffold in medicinal chemistry, often explored for its potential biological activity. Researchers investigate its applications in targeting specific enzymes or receptors, which could lead to the development of new treatments for various diseases, including neurological disorders and cancer. Additionally, its structural complexity allows for the creation of diverse derivatives, enabling the study of structure-activity relationships to optimize therapeutic efficacy.