This compound is primarily utilized in organic synthesis and pharmaceutical research due to its unique spirocyclic structure. It serves as a key intermediate in the development of complex molecules, particularly in the design of drugs targeting neurological disorders. Its bicyclic framework allows for the exploration of novel therapeutic agents, especially in the realm of central nervous system (CNS) diseases. Additionally, its structural features make it a valuable building block in the synthesis of bioactive compounds with potential applications in treating inflammation and pain. Researchers also leverage its reactivity to create diverse chemical libraries for high-throughput screening in drug discovery programs.