This compound finds its primary application in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various biologically active molecules. Its unique spirocyclic structure makes it a valuable scaffold for developing compounds with potential therapeutic properties, particularly in targeting enzymes or receptors involved in disease pathways. Researchers often utilize it in the design and optimization of drug candidates, especially for conditions like cancer, inflammation, or infectious diseases, due to its ability to interact with specific biological targets. Additionally, its thiol group provides a reactive site for further chemical modifications, enabling the creation of diverse derivatives with enhanced pharmacological profiles. This compound is also explored in organic synthesis for constructing complex molecular architectures, contributing to advancements in drug discovery and development.