This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its spirocyclic structure makes it a valuable building block for the development of pharmaceutical agents, particularly those targeting neurological disorders and cancer. Researchers often employ it in the design of inhibitors for specific enzymes or receptors, leveraging its unique scaffold to enhance binding affinity and selectivity. Additionally, it serves as a precursor in the preparation of complex heterocyclic compounds, which are explored for their potential therapeutic applications in drug discovery programs.