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 creating molecules with potential therapeutic properties. It is often employed in the design of inhibitors targeting specific enzymes or receptors, contributing to the development of treatments for various diseases, including neurological disorders and cancer. Additionally, its structural features are explored in medicinal chemistry to enhance drug stability, bioavailability, and selectivity. Researchers also investigate its potential in agrochemical applications, such as the development of new pesticides or herbicides, due to its ability to interact with biological systems in a targeted manner.