This chemical is primarily utilized in the field of organic synthesis, particularly in the development of complex molecular structures. It serves as a key intermediate in the preparation of various biologically active compounds, including potential pharmaceuticals. Its unique spirocyclic structure makes it valuable for creating novel drug candidates, especially in the areas of central nervous system (CNS) disorders and metabolic diseases. Additionally, it is employed in research settings to study reaction mechanisms and explore new synthetic pathways, contributing to advancements in medicinal chemistry and material science.