This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting enzyme inhibition. Its structure is often explored for developing potential therapeutic agents, especially in the treatment of diseases related to abnormal cell proliferation, such as cancer. Additionally, it is studied for its potential application in designing drugs that modulate specific metabolic pathways, owing to its unique spirocyclic framework. Researchers also investigate its derivatives for their antimicrobial and anti-inflammatory properties, making it a versatile scaffold in drug discovery.