This compound is primarily utilized in the synthesis of complex organic molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the development of various therapeutic agents, including those targeting neurological and metabolic disorders. Its unique spirocyclic structure makes it valuable for constructing molecules with specific biological activities. Additionally, it is employed in research settings to study chemical reactions involving spiro compounds, aiding in the discovery of new drug candidates. Its stability and reactivity under controlled conditions make it a versatile tool in organic synthesis and medicinal chemistry.