This compound is primarily utilized in the field of organic synthesis, particularly as an intermediate in the development of pharmaceuticals. Its structure makes it valuable for constructing complex molecules, especially those targeting biological pathways. It is often employed in the synthesis of spirocyclic compounds, which are crucial in drug discovery due to their diverse biological activities. The compound’s unique framework allows for modifications that can lead to the creation of potential therapeutic agents, particularly in the areas of central nervous system disorders and enzyme inhibition. Its role in medicinal chemistry highlights its importance in advancing new drug candidates.