This chemical is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various bioactive compounds, particularly those targeting neurological and psychiatric disorders. Its spirocyclic structure makes it a valuable scaffold for developing molecules with potential therapeutic effects, such as modulators of neurotransmitter systems. Additionally, it is explored in the design of drugs aimed at treating conditions like anxiety, depression, and cognitive impairments. Its versatility also extends to organic synthesis, where it is used to create complex frameworks for further chemical modifications.