This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. Its unique spirocyclic structure makes it a valuable building block for developing compounds with potential therapeutic applications, particularly in the areas of central nervous system disorders and metabolic diseases. Researchers have explored its use in creating inhibitors for specific enzymes or receptors, which could lead to the development of novel drugs targeting conditions such as anxiety, depression, or diabetes. Additionally, its structural features are being investigated for their potential in designing new materials with specific electronic or optical properties, though this application is still in the early stages of research.