This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active molecules. It is often employed in the development of pharmaceuticals, particularly in the creation of spirocyclic compounds that exhibit therapeutic potential. Its structure is valuable for constructing complex molecules that target specific biological pathways, making it useful in drug discovery and optimization processes. Additionally, it serves as a building block in organic synthesis, enabling the preparation of diverse chemical entities for research and development purposes.