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. Its unique spirocyclic structure makes it valuable for developing compounds with potential anti-inflammatory, analgesic, and immunomodulatory properties. Researchers explore its derivatives for designing novel drugs targeting specific enzymes or receptors involved in disease pathways. Additionally, its structural features are of interest in organic synthesis for creating complex heterocyclic frameworks, which are often found in many therapeutic agents.