This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various biologically active molecules. Its unique structure, combining a spirocyclic system with a phenanthrene moiety, makes it valuable for developing compounds with potential therapeutic effects. Researchers often explore its applications in designing drugs targeting specific enzymes or receptors, particularly in the treatment of inflammatory diseases or cancer. Additionally, its structural complexity allows for the creation of novel chemical entities that can be further optimized for enhanced pharmacological properties.