This compound is primarily utilized in the field of pharmaceutical research and development, particularly in the synthesis of novel therapeutic agents. Its unique structure makes it a valuable intermediate in the creation of compounds that target various biological pathways. Researchers often employ it in the design of drugs aimed at treating neurological disorders, as its spirocyclic framework can interact with specific receptors in the brain. Additionally, it serves as a key building block in the development of small molecule inhibitors that modulate enzyme activity, offering potential applications in cancer therapy and other diseases. Its versatility in organic synthesis also makes it a useful tool for exploring new chemical spaces in drug discovery.