This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. Its unique spirocyclic structure makes it a valuable building block for developing drugs that target central nervous system disorders, including anxiety and depression. Additionally, it has been explored for its potential in creating antimicrobial agents, particularly in the development of new antibiotics to combat resistant bacterial strains. Researchers also investigate its role in designing enzyme inhibitors, which can be applied in treating metabolic diseases. Its versatility in organic synthesis further extends to the creation of novel compounds with potential applications in cancer therapy and other therapeutic areas.