This compound is primarily utilized in the field of medicinal chemistry due to its unique structural properties. It serves as a key intermediate in the synthesis of various pharmaceutical agents, particularly those targeting inflammatory and autoimmune diseases. Its spirocyclic and chromene-based framework makes it a valuable scaffold for developing inhibitors of specific enzymes or receptors involved in disease pathways. Additionally, it has shown potential in the design of novel drugs for treating conditions like arthritis, chronic pain, and certain types of cancer. Researchers also explore its use in creating bioactive molecules with improved pharmacokinetic properties, such as enhanced solubility and stability. Its versatility in chemical modifications further broadens its application in drug discovery and development.