Used primarily in organic synthesis, this compound serves as a versatile intermediate in the production of various pharmaceuticals and agrochemicals. Its spirocyclic structure is particularly valuable in the development of complex molecules, often contributing to the creation of bioactive compounds with potential therapeutic applications. In medicinal chemistry, it is employed to design and synthesize novel drug candidates, especially those targeting neurological disorders or infections. Additionally, its unique framework makes it a useful building block in the study of chemical reactivity and the development of new synthetic methodologies.