This compound is primarily utilized in organic synthesis as a key intermediate for the development of various biologically active molecules. It plays a significant role in the construction of spirocyclic frameworks, which are commonly found in pharmaceuticals and agrochemicals. Its structure is particularly valuable in the synthesis of compounds with potential therapeutic applications, such as inhibitors for enzymes or receptors. Additionally, it is employed in research settings to explore novel chemical reactions and pathways, contributing to advancements in medicinal chemistry and drug discovery.