This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of compounds with potential therapeutic applications, such as those targeting neurological disorders or acting as enzyme inhibitors. Its unique spirocyclic structure makes it valuable for designing molecules with specific biological activity and improved pharmacokinetic properties. Researchers often employ it in medicinal chemistry to explore its role in modulating biological pathways, enhancing drug efficacy, and reducing side effects. Additionally, it may be used in the development of diagnostic agents or as a scaffold for constructing complex molecules in drug discovery programs.