This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex chemical structures. Its unique spirocyclic framework makes it valuable for constructing molecules with specific three-dimensional configurations, which are often required in the development of pharmaceuticals. It is particularly relevant in the synthesis of compounds with potential biological activity, such as enzyme inhibitors or receptor modulators. Additionally, its functional groups allow for further chemical modifications, enabling researchers to tailor its properties for specific applications in drug discovery and medicinal chemistry.