This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmaceutical agents. Its unique spirocyclic structure makes it valuable in the development of compounds with potential therapeutic effects, particularly in the areas of central nervous system disorders and cardiovascular diseases. Researchers have explored its use in creating molecules that may act as receptor modulators or enzyme inhibitors, offering pathways for new drug discoveries. Additionally, its structural features contribute to the optimization of pharmacokinetic properties, such as bioavailability and metabolic stability, in drug candidates.