This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical compounds. Its unique spirocyclic structure makes it a valuable building block for developing drugs with potential biological activities, particularly in the areas of central nervous system disorders and anti-inflammatory treatments. Researchers often employ it to create novel molecules that can interact with specific enzymes or receptors, aiming to enhance therapeutic efficacy and reduce side effects. Additionally, its application extends to the development of agrochemicals, where it serves as a precursor for designing compounds that can protect crops from pests and diseases. Its versatility in organic synthesis also makes it a useful component in academic research for exploring new chemical reactions and pathways.