This chemical is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological and psychiatric disorders. Its unique structure makes it valuable in the development of potential therapeutic agents that interact with specific receptors in the brain, such as those involved in anxiety, depression, and cognitive functions. Additionally, it is explored for its role in creating novel spirocyclic compounds, which are of growing interest due to their diverse pharmacological properties and potential in drug discovery.