This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate or building block in the synthesis of various pharmaceutical compounds. Its unique spirocyclic structure makes it valuable for designing molecules with specific biological activities, particularly in the development of central nervous system (CNS) drugs. It is often explored for its potential in creating novel therapeutics targeting neurological disorders, such as depression, anxiety, or neurodegenerative diseases. Additionally, its structural framework is leveraged in the development of ligands for receptors or enzymes, aiding in drug discovery and optimization processes. Researchers also study its derivatives for their potential in improving drug efficacy, selectivity, and pharmacokinetic properties.