This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel therapeutic agents. Its unique spirocyclic structure makes it a valuable intermediate in the creation of compounds targeting central nervous system disorders, such as anxiety, depression, and neurodegenerative diseases. Additionally, it is explored for its potential in developing anti-inflammatory and analgesic drugs due to its ability to modulate specific biological pathways. Its application extends to organic chemistry as a building block for complex molecules, contributing to advancements in drug discovery and medicinal chemistry.