Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its spirocyclic structure is particularly valuable in drug discovery, where it contributes to the development of compounds with potential therapeutic effects. Researchers leverage its unique framework to create novel drugs targeting neurological disorders, including depression and anxiety, due to its ability to interact with specific receptors in the brain. Additionally, it is explored in the design of enzyme inhibitors, which can be applied in treating conditions like cancer or infectious diseases. Its oxalate form enhances stability and solubility, making it suitable for formulation in medicinal chemistry.