Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various therapeutic agents. Its spirocyclic structure is particularly valuable in the design of drugs targeting the central nervous system, where it can enhance binding affinity and selectivity. It is also explored in the development of novel antidepressants and anxiolytics due to its potential to modulate neurotransmitter systems. Additionally, its unique chemical framework is utilized in organic synthesis to create complex molecules with potential biological activity.