This chemical is primarily utilized in the development of pharmaceuticals, particularly in the synthesis of compounds targeting neurological disorders. It serves as a key intermediate in the creation of drugs that modulate neurotransmitter systems, offering potential treatments for conditions like depression, anxiety, and cognitive impairments. Additionally, its spirocyclic structure makes it valuable in the design of molecules with enhanced stability and bioavailability, which is crucial for effective drug delivery. Researchers also explore its use in organic synthesis to construct complex molecular frameworks for various therapeutic applications.