This compound is utilized in the synthesis of various pharmaceuticals, particularly in the development of central nervous system (CNS) drugs. Its unique spirocyclic structure makes it a valuable building block for creating molecules that interact with specific receptors in the brain, aiding in the treatment of neurological disorders. Additionally, it serves as an intermediate in organic synthesis, contributing to the production of complex chemical entities with potential therapeutic applications. Its stability and reactivity also make it suitable for research in medicinal chemistry, where it is used to explore new drug candidates and optimize existing ones.