This compound is primarily utilized in the pharmaceutical and research sectors due to its unique structural properties. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting central nervous system disorders. Its spirocyclic framework and thiol group make it a valuable building block for developing compounds with potential therapeutic effects, such as anticonvulsants, anxiolytics, and neuroprotective agents. Additionally, it is explored in medicinal chemistry for its role in creating novel drug candidates with enhanced efficacy and reduced side effects. Its application extends to biochemical studies, where it is used to investigate enzyme interactions and receptor binding mechanisms.