This compound is primarily utilized in pharmaceutical research and development due to its unique spirocyclic structure, which is often sought after in drug design. Its framework serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. The spirocyclic moiety enhances the compound's ability to interact with specific receptors or enzymes in the body, making it valuable for developing potential treatments for conditions such as depression, anxiety, and neurodegenerative diseases. Additionally, its structural features are explored in the creation of novel antibiotics, as it can be modified to target bacterial resistance mechanisms. Researchers also investigate its potential in agrochemical applications, particularly in designing new pesticides or herbicides with improved efficacy and environmental safety.