This chemical is primarily utilized in pharmaceutical research and development due to its unique spirocyclic structure, which is often associated with bioactive properties. It serves as a key intermediate in the synthesis of various heterocyclic compounds, which are explored for their potential therapeutic applications. Its structural framework is particularly valuable in the design of molecules targeting neurological disorders, as it can interact with specific receptors in the brain. Additionally, it is studied for its potential anti-inflammatory and antimicrobial properties, making it a candidate for drug discovery in these areas. Researchers also investigate its role in modulating enzyme activity, which could lead to the development of novel treatments for metabolic diseases.