This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its spirocyclic structure makes it a valuable building block for developing novel drug candidates, particularly those targeting neurological disorders and metabolic diseases. Researchers leverage its unique chemical framework to create compounds with enhanced binding affinity and selectivity for specific biological targets. Additionally, it has shown potential in the development of enzyme inhibitors, which can be used to treat conditions like cancer or inflammatory diseases. Its stability and reactivity under mild conditions make it a preferred choice in organic synthesis for constructing complex molecules with therapeutic applications.