This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various biologically active molecules. Its unique spirocyclic structure makes it a valuable building block for developing potential therapeutic agents, particularly in the design of central nervous system (CNS) drugs. Researchers often explore its derivatives for their potential pharmacological properties, such as acting as receptor modulators or enzyme inhibitors. Additionally, its structural features are being investigated for their role in enhancing drug stability and bioavailability, making it a promising candidate in drug discovery and development processes.