This compound is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) drugs. Its unique structure allows it to act as an intermediate in creating compounds that target neurological receptors, potentially aiding in the treatment of disorders like anxiety, depression, and schizophrenia. Additionally, it is employed in organic chemistry research for the development of novel spirocyclic compounds, which are of interest due to their diverse biological activities and potential therapeutic applications. Its role in medicinal chemistry highlights its importance in advancing drug discovery and development processes.