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 biologically active molecules. Its unique spirocyclic structure makes it valuable for designing compounds with potential therapeutic applications, particularly in the areas of central nervous system disorders and enzyme inhibition. Researchers also explore its derivatives for their potential use in creating novel drugs with improved efficacy and reduced side effects. Additionally, it is studied for its role in modulating chemical pathways that could lead to advancements in medicinal chemistry.