This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive compounds. Its unique spirocyclic structure makes it valuable in the development of drugs targeting the central nervous system, particularly for conditions like anxiety, depression, and neurodegenerative disorders. Additionally, it has shown potential in the creation of novel antiviral and antibacterial agents, contributing to the fight against resistant microbial strains. Its application extends to research settings, where it is used to study receptor interactions and enzyme inhibition, aiding in the discovery of new therapeutic pathways.