This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmacologically active molecules. Its unique spirocyclic structure makes it valuable for constructing complex frameworks often found in medicinal chemistry. Researchers employ it in the development of potential drug candidates, particularly those targeting neurological disorders, due to its ability to interact with specific biological pathways. Additionally, it is explored in the synthesis of novel compounds for studying enzyme inhibition and receptor binding, contributing to advancements in drug discovery and therapeutic research.