This compound is primarily utilized in pharmaceutical research, particularly in the development of novel therapeutic agents. Its unique spirocyclic structure makes it a valuable intermediate in synthesizing compounds with potential biological activity. Researchers explore its application in designing drugs targeting the central nervous system, as its structural features may influence neurotransmitter systems. Additionally, it is investigated for its potential use in creating antimicrobial or antiviral agents due to its ability to interact with specific biological targets. Its role in medicinal chemistry is significant, as it contributes to the discovery of new molecules with therapeutic promise.