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 building block for designing molecules with potential therapeutic properties. It is often explored for its role in creating inhibitors or modulators of specific biological targets, such as enzymes or receptors, which could be relevant in treating diseases like cancer, neurological disorders, or infectious diseases. Additionally, its chemical properties make it suitable for use in medicinal chemistry to optimize drug-like characteristics, such as solubility, stability, and bioavailability. Researchers also investigate its potential in developing prodrugs or as a scaffold for combinatorial chemistry to generate diverse libraries of compounds for high-throughput screening.