This compound is primarily utilized in pharmaceutical research and development, particularly as an intermediate in the synthesis of various biologically active molecules. Its spirocyclic structure makes it a valuable building block for creating complex compounds with potential therapeutic applications. It is often employed in the design of drugs targeting neurological disorders, such as Alzheimer's disease, due to its ability to interact with specific receptors in the brain. Additionally, its stability and unique chemical properties make it suitable for use in medicinal chemistry to explore new drug candidates. Researchers also leverage its structure in the development of enzyme inhibitors and other small molecules for treating various diseases.