Used in pharmaceutical research as a key intermediate in the synthesis of biologically active compounds, particularly those targeting neurological disorders. Its structure is valuable in developing drugs that interact with neurotransmitter systems, such as dopamine and serotonin receptors. Additionally, it serves as a building block in creating spirocyclic compounds, which are known for their potential in treating conditions like depression, anxiety, and Parkinson's disease. Its versatility also extends to organic synthesis, where it aids in constructing complex molecular frameworks for drug discovery and development.