This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules. Its unique structure, featuring a spirocyclic framework, makes it valuable for constructing complex heterocyclic compounds, which are often explored for their potential therapeutic properties. Researchers leverage its reactivity to design and synthesize novel drug candidates, particularly in the areas of oncology and neurological disorders. Additionally, it is used in the study of enzyme inhibition and receptor binding, aiding in the discovery of new pharmacological targets. Its versatility in chemical transformations also makes it a useful building block in medicinal chemistry.