Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its spirocyclic structure is particularly valuable in the development of drugs targeting neurological disorders, including anxiety and depression. Additionally, it finds application in the creation of ligands for receptor studies, aiding in the understanding of complex biochemical pathways. Its versatility also extends to the field of organic chemistry, where it is employed in the construction of complex heterocyclic frameworks.