This chemical is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various biologically active compounds. It plays a crucial role in the development of drug candidates, particularly those targeting the central nervous system. Its structure is valuable in creating spirocyclic frameworks, which are often incorporated into molecules designed to interact with specific receptors or enzymes. Additionally, it is employed in medicinal chemistry research to explore novel therapeutic agents, thanks to its ability to contribute to the structural diversity and complexity of potential drugs.