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 enzyme inhibition or receptor modulation. Its spirocyclic structure makes it a valuable scaffold for designing compounds with potential therapeutic applications, such as anti-inflammatory, antiviral, or anticancer agents. Additionally, it is explored in the development of novel pharmaceuticals due to its ability to enhance drug stability and bioavailability. Researchers also investigate its role in creating prodrugs, where it can be modified to improve delivery and efficacy of active pharmaceutical ingredients.