This compound is primarily utilized in the field of organic synthesis as a versatile intermediate. It plays a significant role in the development of pharmaceutical compounds, particularly in the synthesis of complex molecules with spirocyclic structures. Its unique spirocyclic framework makes it valuable for constructing biologically active molecules, including potential drug candidates targeting neurological and cardiovascular diseases. Additionally, it is employed in the preparation of ligands for catalysis, aiding in the development of efficient synthetic methodologies. Its stability and reactivity make it a useful building block in medicinal chemistry and drug discovery research.