This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological and psychiatric disorders. Its structural features make it valuable for designing molecules that interact with specific receptors in the brain, potentially leading to the development of new therapeutic agents. Additionally, it is employed in organic synthesis for constructing complex spirocyclic frameworks, which are often found in natural products and drug candidates. Its versatility and stability under various reaction conditions make it a useful building block in medicinal chemistry.