This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of biologically active molecules. Its spirocyclic structure makes it a valuable building block for designing drugs targeting central nervous system disorders, such as anxiety, depression, and neurodegenerative diseases. It is also employed in the creation of compounds with potential antimicrobial and antiviral properties. Additionally, its unique chemical framework allows for modifications to enhance drug-like properties, such as solubility and bioavailability, making it a versatile tool in medicinal chemistry.