Widely used in pharmaceutical research as a key intermediate in the synthesis of various bioactive compounds. It plays a crucial role in the development of drugs targeting neurological disorders, including antidepressants and anxiolytics. Its spirocyclic structure is particularly valuable in creating molecules with enhanced stability and bioavailability. Additionally, it is employed in the preparation of compounds with potential antimicrobial and antiviral properties. Its versatility in organic synthesis makes it a valuable building block for designing novel therapeutic agents.