This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting neurological and cardiovascular disorders. Its unique spirocyclic structure makes it valuable for designing compounds with specific stereochemical properties, which are crucial for drug efficacy. Additionally, it is explored in the synthesis of novel heterocyclic compounds, contributing to advancements in medicinal chemistry and the discovery of new therapeutic agents.