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 creation of molecules with potential biological activity. It is often explored for its role in targeting neurological disorders, including conditions like depression, anxiety, and cognitive impairments, due to its ability to interact with specific receptors in the brain. Additionally, its chemical framework is of interest in the development of antimicrobial agents, as it can be modified to enhance efficacy against resistant strains of bacteria. Researchers also investigate its potential in designing enzyme inhibitors, which could lead to new treatments for metabolic diseases. Its versatility in organic synthesis further contributes to its application in creating complex molecular architectures for various therapeutic purposes.