Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and cognitive enhancers. Its spirocyclic structure contributes to conformational rigidity, making it valuable in drug design for improving selectivity and metabolic stability. Commonly employed in the preparation of nootropic drugs and compounds targeting neurological disorders such as Alzheimer's disease. Also utilized in the creation of novel receptor ligands due to its favorable binding properties with neurotransmitter receptors.