Primarily utilized in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its unique spirocyclic structure makes it valuable in developing drugs targeting the central nervous system, particularly for treating neurological disorders such as anxiety, depression, and schizophrenia. Additionally, it is explored in the creation of novel analgesics and anti-inflammatory agents due to its potential to interact with specific receptors in the brain. The compound’s versatility also extends to its use in organic synthesis, where it acts as a building block for complex chemical structures in medicinal chemistry.