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 neurological and inflammatory disorders. Its unique spirocyclic structure makes it a valuable scaffold for developing compounds with potential therapeutic effects. Researchers often explore its derivatives for their ability to modulate specific enzymes or receptors, contributing to the development of novel drugs. Additionally, its application extends to organic synthesis, where it is used to construct complex molecular architectures for further chemical exploration.