This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate or building block for the synthesis of complex organic compounds. Its unique spirocyclic structure makes it valuable in the development of pharmaceuticals, particularly in designing molecules with specific biological activities. It is often employed in the creation of potential drug candidates targeting neurological disorders, as its structure can interact with receptors in the central nervous system. Additionally, it is used in research to explore novel therapeutic agents due to its ability to impart stability and conformational rigidity to the resulting compounds.