This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive molecules, particularly those targeting neurological disorders. Its spirocyclic structure is advantageous in designing compounds with enhanced stability and specificity for biological targets. Additionally, it is explored in the synthesis of novel drug candidates for conditions such as anxiety, depression, and chronic pain, owing to its potential interactions with neurotransmitter systems. Researchers also investigate its role in creating advanced materials with unique properties for industrial applications.