This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active molecules. Its unique spirocyclic structure makes it valuable in the development of drugs targeting neurological disorders, including anxiety, depression, and schizophrenia. Additionally, it is explored for its potential in creating novel therapeutic agents for cancer treatment due to its ability to interact with specific cellular pathways. Researchers also investigate its role in modulating enzyme activity, which could lead to breakthroughs in treating metabolic and inflammatory diseases. Its versatility in drug design underscores its importance in medicinal chemistry.