This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmaceutical agents. Its unique spirocyclic structure makes it valuable for developing compounds with potential therapeutic effects, particularly in the treatment of neurological disorders. Researchers often employ it in the design of ligands that target specific receptors in the brain, such as those involved in pain management or neurodegenerative diseases. Additionally, its stability and reactivity make it suitable for use in organic synthesis, enabling the creation of complex molecules with high precision. The compound's role in drug discovery underscores its importance in advancing new treatments for challenging medical conditions.