This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of more complex molecules. It plays a crucial role in the development of drugs targeting specific enzymes or receptors, particularly in the treatment of inflammatory and autoimmune diseases. Its unique spirocyclic structure contributes to its effectiveness in binding to biological targets, enhancing the potency and selectivity of the resulting therapeutic agents. Additionally, it is explored in research for its potential use in creating novel compounds with anti-cancer properties, owing to its ability to interfere with cellular signaling pathways.