Primarily utilized in the field of medicinal chemistry, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its unique spirocyclic structure and functional groups make it valuable for developing potential therapeutic agents, particularly in the design of enzyme inhibitors and receptor modulators. Researchers often explore its derivatives for their pharmacological properties, including anti-inflammatory, antimicrobial, and anticancer activities. Additionally, its structural complexity allows for the creation of novel compounds with enhanced selectivity and efficacy in drug discovery programs.