This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of complex organic molecules. Its unique spirocyclic structure makes it valuable for constructing bioactive compounds, particularly in the design of drugs targeting neurological and cardiovascular diseases. It is often employed in medicinal chemistry to enhance the pharmacokinetic properties of drug candidates, such as improving metabolic stability and bioavailability. Additionally, it serves as a building block in the preparation of heterocyclic compounds, which are essential in the development of new therapeutic agents.