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 scaffold for developing potential therapeutic agents, particularly in the design of drugs targeting neurological disorders and cancer. Researchers have explored its application in creating inhibitors for specific enzymes and receptors involved in disease pathways. Additionally, its structural features contribute to its use in the development of novel compounds with enhanced pharmacokinetic properties, such as improved bioavailability and stability.