Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its unique spirocyclic structure makes it valuable in the development of drugs targeting neurological disorders, particularly those involving the central nervous system. Researchers leverage its framework to create compounds with potential antidepressant and anxiolytic properties. Additionally, it is explored in the design of enzyme inhibitors, contributing to the study of biochemical pathways and therapeutic interventions. Its application extends to organic synthesis, where it acts as a building block for complex heterocyclic compounds, aiding in the discovery of new medicinal agents.