This compound is widely utilized in the pharmaceutical industry as a key intermediate in the synthesis of various drugs. Its unique spirocyclic structure makes it valuable for developing compounds with potential therapeutic effects, particularly in the treatment of neurological disorders and as a building block for active pharmaceutical ingredients (APIs). Additionally, it is employed in organic chemistry research to explore novel reaction pathways and to create complex molecular architectures. Its versatility also extends to the development of agrochemicals, where it serves as a precursor for creating compounds with pesticidal or herbicidal properties.