Widely used in pharmaceutical research and development as a key intermediate in the synthesis of biologically active compounds. Its structure is particularly valuable in the design of spirocyclic indole derivatives, which are often explored for their potential therapeutic properties. This compound is frequently employed in the preparation of drug candidates targeting neurological disorders, including depression, anxiety, and schizophrenia, due to its ability to modulate specific receptors in the brain. Additionally, it serves as a building block in the creation of molecules with potential anticancer and anti-inflammatory activities. Its versatility in organic synthesis makes it a crucial component in the discovery and optimization of new medicinal agents.