This compound is primarily utilized in organic synthesis as a versatile intermediate for the creation of various biologically active molecules. Its unique spirocyclic structure makes it valuable in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. It is often employed in the construction of complex organic frameworks, enabling the production of novel drug candidates. Additionally, its reactivity allows for modifications that can lead to the discovery of new chemical entities with applications in medicinal chemistry. The compound's stability and functional groups make it suitable for use in research and development processes aimed at identifying new treatments for diseases.