This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of biologically active molecules, especially those targeting neurological disorders and cancer. Its structural framework is valuable in designing inhibitors for specific enzymes or receptors involved in disease pathways. Additionally, it is explored in the development of spirocyclic compounds, which are gaining attention for their potential in drug discovery due to their unique three-dimensional structures and enhanced binding properties.