Primarily used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its spirocyclic structure makes it valuable in the development of drugs targeting neurological disorders, particularly those involving the modulation of neurotransmitter systems. Additionally, it is employed in the creation of compounds with potential antibacterial and antifungal properties, contributing to the exploration of new therapeutic agents. Its application extends to material science, where it aids in the design of novel organic frameworks and polymers with specific functional properties.