This compound is primarily utilized in the field of medicinal chemistry for its potential as a bioactive molecule. It serves as a key intermediate in the synthesis of various pharmacologically active compounds, particularly those targeting neurological and inflammatory disorders. Its unique spirocyclic structure contributes to enhanced binding affinity and selectivity towards specific biological targets, making it valuable in drug discovery efforts. Additionally, it is explored for its antioxidant properties, which could be beneficial in developing treatments for oxidative stress-related conditions. Researchers also investigate its role as a precursor in creating novel heterocyclic compounds with potential therapeutic applications.