This compound is primarily utilized in the field of organic synthesis, particularly as an intermediate in the development of complex molecules. Its spirocyclic structure and functional groups make it a valuable building block for constructing biologically active compounds, including pharmaceuticals. It is often employed in the synthesis of potential drug candidates, especially those targeting neurological or metabolic disorders. Additionally, it serves as a precursor in the creation of novel heterocyclic compounds, which are essential in medicinal chemistry for their diverse therapeutic applications. Its stability and reactivity also make it suitable for use in research and development processes aimed at discovering new chemical entities with potential industrial or pharmacological significance.