This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive compounds. It plays a significant role in the development of drugs targeting neurological disorders, such as Alzheimer's disease and depression, due to its structural compatibility with receptors in the central nervous system. Additionally, it is explored for its potential in creating analgesics and anti-inflammatory agents, offering therapeutic benefits in pain management and inflammation-related conditions. Its unique spirocyclic structure also makes it a valuable component in medicinal chemistry for designing novel molecules with enhanced pharmacological properties.