Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. Its spirocyclic structure is particularly valuable in the development of drugs targeting neurological disorders, due to its ability to interact with specific receptors in the brain. Additionally, it is utilized in the creation of compounds with potential antibacterial and antifungal properties, making it significant in the field of medicinal chemistry. Its unique framework also aids in the study of chemical reactions involving sulfur and nitrogen heterocycles, contributing to advancements in synthetic methodologies.