This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various biologically active compounds. Its spirocyclic structure makes it valuable for constructing complex molecules, particularly in pharmaceutical research. It is often employed in the development of drugs targeting neurological disorders, as its unique framework can mimic certain natural structures found in the brain. Additionally, it is used in the synthesis of ligands for receptors involved in signal transduction pathways, aiding in the discovery of new therapeutic agents. Its stability and reactivity also make it a useful building block in medicinal chemistry for creating novel compounds with potential applications in treating diseases.