This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its unique spirocyclic structure makes it a valuable building block for designing molecules with potential therapeutic applications. It is often explored in the development of central nervous system (CNS) drugs, as its structure can interact with neurological targets. Additionally, it serves as a key intermediate in the creation of compounds that may exhibit antimicrobial or anti-inflammatory properties. Its role in medicinal chemistry is significant, as it contributes to the discovery of new treatments for various diseases.