Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its unique spirocyclic structure makes it valuable for developing drugs targeting neurological disorders, including those affecting the central nervous system. Additionally, it is employed in the creation of novel compounds for potential use in treating conditions like anxiety, depression, and epilepsy. Its role in medicinal chemistry is significant due to its ability to enhance the stability and bioavailability of therapeutic agents.