This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active molecules. Its spirocyclic structure makes it a valuable building block for developing drugs targeting neurological disorders, such as anxiety and depression. Additionally, it is employed in the creation of compounds with potential applications in treating cardiovascular diseases. Its unique chemical framework allows for the development of novel therapeutic agents with enhanced efficacy and specificity. Researchers also explore its use in designing enzyme inhibitors, which can play a crucial role in regulating metabolic pathways and treating related diseases.