This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active compounds. Its unique structure makes it valuable in the development of potential therapeutic agents, particularly in the design of molecules targeting neurological disorders. Researchers have explored its application in creating compounds that interact with specific receptors in the brain, which could lead to treatments for conditions like anxiety, depression, or neurodegenerative diseases. Additionally, its spirocyclic framework is of interest in the development of novel pharmaceuticals due to its potential to enhance drug-like properties such as stability and bioavailability.