This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological disorders and cancer. Its unique spirocyclic structure makes it a valuable scaffold for developing inhibitors of specific enzymes and receptors involved in disease pathways. Researchers often explore its derivatives for potential therapeutic applications, such as modulating protein-protein interactions or enhancing drug efficacy. Additionally, it is studied for its potential use in creating novel compounds with improved pharmacokinetic properties, such as better bioavailability and metabolic stability.