This chemical is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various bioactive compounds. Its structure, featuring a spirocyclic indene-piperidine core, makes it valuable for designing molecules with potential therapeutic applications. It is often employed in the preparation of compounds targeting neurological disorders, including those acting on the central nervous system. Additionally, its tert-butyl carboxylate group provides stability and ease of modification, making it a versatile building block in medicinal chemistry for drug discovery and optimization processes.