This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its unique structure, featuring a spirocyclic ring system, makes it valuable for developing compounds with potential therapeutic effects, particularly in the areas of central nervous system (CNS) disorders and cardiovascular diseases. It is often employed in medicinal chemistry research to create novel drug candidates, leveraging its ability to enhance molecular stability and bioavailability. Additionally, its functional groups allow for further chemical modifications, enabling the development of targeted therapies.