This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive molecules. Its unique spirocyclic structure makes it valuable in the development of drugs targeting neurological disorders, including anxiety and depression. Additionally, it is employed in the creation of enzyme inhibitors, particularly those involved in metabolic pathways, due to its ability to interact with specific active sites. Researchers also explore its potential in designing novel anti-inflammatory and analgesic agents, leveraging its structural properties to enhance drug efficacy and selectivity. Its application extends to organic synthesis, where it serves as a building block for complex chemical structures in medicinal chemistry.