This chemical is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological and psychiatric disorders. Its structure is often explored in the development of drugs that modulate neurotransmitter systems, such as serotonin and dopamine receptors, making it valuable for creating potential treatments for conditions like depression, anxiety, and schizophrenia. Additionally, its spirocyclic framework is of interest in the design of novel therapeutic agents due to its ability to enhance molecular stability and binding affinity. Researchers also investigate its derivatives for their potential as enzyme inhibitors, which could lead to advancements in treating metabolic and inflammatory diseases.