This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its unique spirocyclic structure makes it valuable for developing drugs targeting central nervous system (CNS) disorders. It is often employed in the creation of compounds with potential antipsychotic, antidepressant, or anxiolytic properties. Additionally, its chemical framework is explored in medicinal chemistry for designing molecules that modulate neurotransmitter systems, such as dopamine or serotonin receptors, contributing to advancements in treating mental health conditions.