Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various therapeutic agents. Its structural features make it valuable in the development of drugs targeting the central nervous system, particularly for conditions like depression, anxiety, and other mood disorders. Researchers also explore its potential in creating compounds with antipsychotic or analgesic properties. Its spirocyclic structure contributes to its ability to interact with specific biological receptors, enhancing its efficacy in drug design. Additionally, it is studied for its role in improving the pharmacokinetic profiles of new medications, ensuring better absorption and stability in the human body.