This compound is primarily utilized in pharmaceutical research and development due to its unique spirocyclic structure, which is often associated with bioactive properties. It serves as a key intermediate in the synthesis of various heterocyclic compounds, which are explored for their potential therapeutic applications. Researchers focus on its role in creating molecules that may exhibit antimicrobial, anti-inflammatory, or anticancer activities. Its structural features make it a valuable scaffold in drug discovery, particularly in the design of novel small-molecule inhibitors targeting specific enzymes or receptors. Additionally, it is studied for its potential use in developing treatments for neurological disorders, as its core structure can interact with biological targets in the central nervous system.