This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its unique spirocyclic structure makes it a valuable intermediate in the design of molecules targeting specific biological pathways, such as enzyme inhibition or receptor modulation. It is often explored in the context of central nervous system (CNS) disorders, cancer therapeutics, and anti-inflammatory agents due to its potential to interact with key biological targets. Additionally, its structural complexity allows for the creation of diverse analogs, aiding in the optimization of pharmacokinetic and pharmacodynamic properties in drug discovery programs.