This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological disorders. Its spirocyclic structure is valuable for creating molecules with specific binding properties, making it useful in the design of drugs that interact with receptors in the central nervous system. Additionally, it is employed in the preparation of compounds for studying enzyme inhibition and receptor modulation, aiding in the discovery of potential therapeutic agents. Its stability and reactivity also make it a suitable candidate for further chemical modifications in medicinal chemistry projects.