This compound is primarily utilized in organic synthesis as a key intermediate in the production of various pharmaceutical agents. Its unique spirocyclic structure makes it valuable for constructing complex molecules, particularly in the development of drugs targeting neurological and cardiovascular disorders. Additionally, it is employed in the synthesis of heterocyclic compounds, which are often explored for their potential biological activities. The presence of both chloro and carbonyl groups in its structure allows for versatile chemical modifications, enabling researchers to tailor its properties for specific applications in medicinal chemistry.