This compound is primarily utilized in the field of medicinal chemistry and drug development. 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 designing compounds with potential therapeutic effects. Researchers often explore its derivatives for their ability to modulate specific enzymes or receptors, which can lead to the development of new treatments for conditions like chronic pain, epilepsy, or depression. Additionally, its chiral nature allows for the study of stereochemistry in drug interactions, aiding in the creation of more effective and selective pharmaceuticals.