This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its unique spirocyclic structure makes it a valuable building block for developing compounds with potential therapeutic applications, particularly in the design of drugs targeting neurological disorders. Researchers have explored its derivatives for their potential as antipsychotic or antidepressant agents due to their ability to interact with specific receptors in the brain. Additionally, its structural framework has been investigated for use in creating novel anti-inflammatory and antimicrobial agents, leveraging its stability and versatility in chemical modifications. Its application extends to material science as well, where it serves as a precursor for developing advanced organic materials with specific optical or electronic properties.