This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmaceutical agents. Its unique spirocyclic structure makes it valuable for developing drugs that target neurological disorders, including anxiety and depression. Additionally, it is employed in the creation of compounds that exhibit antimicrobial and antifungal properties, making it relevant in the fight against resistant pathogens. Researchers also explore its potential in designing molecules for cancer therapy, particularly in inhibiting specific enzymes involved in tumor growth. Its versatility and structural complexity contribute to its significance in drug discovery and development.