This compound is primarily utilized in organic synthesis as a key intermediate in the development of pharmaceutical agents. Its structure, featuring a spirocyclic system and a hydroxyl group, makes it valuable for constructing complex molecules, particularly in the synthesis of biologically active compounds. It is often employed in the preparation of drugs targeting the central nervous system, where its unique framework can enhance binding affinity and selectivity. Additionally, it serves as a building block in medicinal chemistry for the design of inhibitors or modulators of specific enzymes or receptors. Its versatility also extends to research applications, where it is used to study reaction mechanisms and develop novel synthetic pathways.