This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting neurological disorders. Its unique spirocyclic structure makes it valuable in the design of novel compounds with potential therapeutic effects. Additionally, it is explored in the study of enzyme inhibition, where it may act as a modulator for specific enzymatic pathways. Researchers also investigate its role in the synthesis of heterocyclic compounds, which are essential in drug discovery and material science.