This compound is primarily utilized in organic synthesis as a key intermediate in the development of pharmaceuticals. Its structure, featuring a spirocyclic system, makes it valuable for constructing complex molecules, particularly in the synthesis of biologically active compounds. It is often employed in the preparation of heterocyclic compounds, which are crucial in drug discovery and development. Additionally, its reactive functional groups allow for further chemical modifications, enabling the creation of diverse derivatives for medicinal chemistry research. Its application is particularly significant in the design of potential therapeutic agents targeting various diseases.