This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various therapeutic agents. Its unique spirocyclic structure makes it valuable in the development of drugs targeting neurological disorders, particularly those involving the modulation of neurotransmitter systems. It is often employed in the creation of compounds that interact with specific receptors in the brain, potentially aiding in the treatment of conditions like anxiety, depression, or cognitive impairments. Additionally, its chemical properties are explored in the design of novel molecules for antimicrobial or antiviral research, contributing to the advancement of new treatments for infectious diseases.