This compound is primarily utilized in the field of organic synthesis, particularly as an intermediate in the development of pharmaceuticals and bioactive molecules. Its unique spirocyclic structure makes it valuable for constructing complex chemical frameworks, often employed in the synthesis of potential drug candidates targeting neurological and psychological disorders. Additionally, it serves as a key building block in the preparation of compounds with potential applications in medicinal chemistry, such as enzyme inhibitors or receptor modulators. Its stability and reactivity under various conditions make it a versatile reagent in research and industrial settings.