This compound is primarily utilized in the pharmaceutical and chemical research sectors as a key intermediate in the synthesis of more complex molecules. Its unique spirocyclic structure makes it valuable for developing drugs that target neurological disorders, including anxiety and depression, by acting on specific receptors in the brain. Additionally, it is employed in the creation of novel compounds for potential use in treating cardiovascular diseases. Its role in organic synthesis also extends to the development of agrochemicals, where it contributes to the design of new pesticides and herbicides. Researchers leverage its reactivity to build diverse molecular frameworks, enhancing the efficiency of drug discovery and development processes.