This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical compounds. Its structure is particularly valuable in the development of drugs targeting the central nervous system, such as antipsychotics and antidepressants. The spirocyclic framework of the compound allows for the creation of molecules with specific binding affinities to neurotransmitter receptors, making it a versatile building block in drug discovery. Additionally, it has been explored in the design of potential therapeutic agents for neurodegenerative diseases, where its unique chemical properties can help modulate biological pathways effectively. Researchers also investigate its use in developing compounds with potential anti-inflammatory or analgesic properties, broadening its application in diverse therapeutic areas.