This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active compounds. It plays a significant role in the development of drugs targeting central nervous system disorders, including antidepressants and antipsychotics. Its unique spirocyclic structure contributes to the modulation of neurotransmitter receptors, making it valuable in the design of molecules with enhanced efficacy and selectivity. Additionally, it is explored in research for potential applications in treating neurodegenerative diseases and mood disorders, owing to its ability to interact with specific neural pathways.