This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its unique spirocyclic structure makes it valuable for designing molecules with specific biological activities, particularly in the development of central nervous system (CNS) drugs. Additionally, it is employed in the creation of ligands for receptors and enzymes, aiding in the study of biochemical pathways and drug discovery. Its stability and structural versatility also make it a useful component in the synthesis of complex organic compounds for research and industrial applications.