This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its unique spirocyclic structure makes it a valuable building block for developing drugs with potential biological activity, particularly in targeting neurological disorders and infections. Researchers often explore its derivatives for their potential as enzyme inhibitors or receptor modulators, which can be crucial in designing new therapeutic agents. Additionally, its structural complexity allows for the creation of compounds with enhanced stability and specificity, making it a significant focus in drug discovery and development efforts.