This compound is primarily utilized in the pharmaceutical and chemical research sectors. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its unique spirocyclic structure makes it a valuable building block for developing drugs with enhanced specificity and efficacy. Additionally, it is explored in the creation of novel compounds for potential use in treating conditions like anxiety, depression, and cognitive impairments. Its applications also extend to material science, where it is investigated for its potential in designing advanced polymers and coatings with specialized properties.