This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel compounds with potential therapeutic effects. Its unique spirocyclic structure makes it a valuable intermediate in the design of drugs targeting neurological disorders, such as Alzheimer's disease and Parkinson's disease. Additionally, it is explored for its potential anti-inflammatory and analgesic properties, contributing to the development of new pain management therapies. Researchers also investigate its role in modulating specific enzymes or receptors, which could lead to breakthroughs in treating metabolic and cardiovascular conditions. Its application extends to organic synthesis, where it serves as a building block for complex molecules in medicinal chemistry.