This compound is primarily utilized in pharmaceutical research and development due to its unique spirocyclic structure, which is often associated with bioactive properties. It serves as a key intermediate in the synthesis of various therapeutic agents, particularly those targeting neurological disorders and cancer. Its structural framework is valuable in designing molecules that can interact with specific enzymes or receptors, making it a crucial component in drug discovery pipelines. Additionally, it has potential applications in the development of agrochemicals, where its chemical properties can be leveraged to create novel pesticides or herbicides with improved efficacy and selectivity.