Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of centrally acting agents such as nootropic or neuroprotective compounds. Its spirocyclic structure provides conformational rigidity, making it valuable in drug design for enhancing selectivity and metabolic stability. Commonly employed in research settings to build complex nitrogen-containing heterocycles with potential cognitive-enhancing or antidepressant-like effects. Also utilized in the preparation of novel cholinesterase inhibitors and receptor modulators targeting neurological disorders.