Primarily utilized in the field of medicinal chemistry, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its unique spirocyclic structure and functional groups make it valuable for developing potential therapeutic agents, particularly in the design of enzyme inhibitors or modulators targeting specific disease pathways. Researchers also explore its applications in the creation of novel heterocyclic compounds, which are essential in drug discovery for treating conditions like cancer, inflammation, and infectious diseases. Additionally, its structural features are studied for their potential use in organic synthesis and material science.