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, particularly those targeting enzyme inhibition. Its spirocyclic structure makes it a valuable scaffold for developing drugs with potential anti-inflammatory, antimicrobial, or anticancer properties. Researchers often explore its derivatives to optimize pharmacokinetic properties and enhance therapeutic efficacy. Additionally, it may be employed in the study of structure-activity relationships (SAR) to design novel compounds with improved selectivity and potency for specific biological targets.