This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological disorders. The structural framework of this compound is often incorporated into the design of potential therapeutic agents, including inhibitors of enzymes or receptors involved in neurodegenerative diseases. Additionally, its unique spirocyclic structure makes it valuable in the development of novel compounds with potential anti-inflammatory or anticancer properties. Researchers also explore its use in creating fluorescent probes for imaging and diagnostic applications due to its fluorinated indolinone moiety.