Used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of potential therapeutic agents targeting neurological disorders, such as depression and anxiety, due to its structural similarity to compounds that interact with serotonin receptors. Additionally, it plays a role in the creation of novel drug candidates for treating pain and inflammation, leveraging its spirocyclic indole framework. Its unique structure also makes it a valuable building block in organic chemistry for designing complex molecules with potential medicinal properties.