This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of biologically active molecules. Its structure, featuring a spirocyclic system, makes it valuable for constructing complex pharmacophores, particularly in the design of drugs targeting neurological disorders and receptor modulation. It is often employed in the preparation of compounds with potential therapeutic effects on the central nervous system, such as antidepressants or anxiolytics. Additionally, its reactive sites allow for further functionalization, enabling the creation of diverse chemical libraries for high-throughput screening in drug discovery programs.