This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive compounds. Its unique spirocyclic structure makes it valuable for developing drugs targeting neurological disorders, particularly those involving the central nervous system. Researchers often employ it in the creation of enzyme inhibitors or receptor modulators due to its ability to enhance molecular stability and specificity. Additionally, it is explored in medicinal chemistry for designing novel therapeutic agents with improved pharmacokinetic properties. Its application extends to the development of potential treatments for conditions like depression, anxiety, and neurodegenerative diseases.