This chemical is primarily utilized as a key intermediate in the synthesis of various pharmaceutical compounds. Its unique spirocyclic structure makes it valuable in the development of drugs targeting neurological disorders, particularly those involving the central nervous system. It is often employed in the creation of molecules that interact with specific receptors or enzymes, aiding in the treatment of conditions like depression, anxiety, and neurodegenerative diseases. Additionally, its structural properties are explored in the design of novel therapeutic agents with improved efficacy and reduced side effects.