Used in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive compounds. It is particularly valuable in the development of drugs targeting neurological disorders, such as antidepressants and anxiolytics, due to its structural properties that influence receptor binding. Additionally, it serves as a building block in the creation of ligands for G-protein-coupled receptors, which are critical in modulating cellular responses. Its spirocyclic structure also makes it useful in medicinal chemistry for designing molecules with enhanced stability and specificity.