Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its spirocyclic structure makes it valuable in the development of potential therapeutic agents, particularly in the field of central nervous system disorders. Researchers leverage its unique framework to explore novel drug candidates for conditions like depression, anxiety, and neurodegenerative diseases. Additionally, its bromo-substituted benzofuran moiety contributes to its utility in medicinal chemistry for designing compounds with enhanced binding affinity and selectivity.