Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its spirocyclic structure is particularly valuable in the development of novel drugs targeting central nervous system disorders. Researchers leverage its unique framework to create compounds with potential therapeutic effects on conditions like depression, anxiety, and neurodegenerative diseases. Additionally, it plays a role in the design of new chemical entities for studying receptor interactions and enzyme inhibition, contributing to advancements in medicinal chemistry.