This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of complex molecules. It serves as a key intermediate in the production of various biologically active compounds, including potential drug candidates. Its structure is valuable in creating spirocyclic frameworks, which are often found in molecules with therapeutic properties. Researchers leverage it to explore new treatments for neurological disorders, as its spirocyclic nature can interact with specific biological targets in the brain. Additionally, it is employed in medicinal chemistry to optimize drug-like properties, such as solubility, stability, and bioavailability, during the drug discovery process.