This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of bioactive molecules. Its spirocyclic structure makes it a valuable building block for creating complex compounds with potential therapeutic applications. It is often employed in the design of drug candidates targeting neurological disorders, such as Alzheimer's disease and depression, due to its ability to modulate specific biological pathways. Additionally, its stability and reactivity make it suitable for use in medicinal chemistry, where it aids in the optimization of drug-like properties, such as bioavailability and metabolic stability. Researchers also leverage this compound in the development of enzyme inhibitors and receptor modulators, contributing to advancements in drug discovery.