This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of complex organic molecules, particularly those with potential biological activity. Its structure, featuring a spiro-indolizine core, makes it valuable for developing compounds with applications in drug discovery. Researchers often explore its derivatives for their potential as therapeutic agents, particularly in targeting specific enzymes or receptors involved in diseases. Additionally, its unique chemical framework allows for further functionalization, enabling the creation of diverse libraries of compounds for high-throughput screening in the search for new drugs.