Widely used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its spirocyclic structure makes it valuable in developing drugs targeting neurological disorders, particularly those involving the central nervous system. It is also employed in the creation of potential antidepressants and anxiolytics due to its ability to interact with specific neurotransmitter systems. Additionally, its unique chemical framework is utilized in organic synthesis to construct complex molecular architectures for further drug discovery and development.