This chemical is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active compounds. Its unique spirocyclic structure makes it a valuable building block for developing potential therapeutic agents, particularly in the design of drugs targeting neurological disorders. Researchers have explored its application in the creation of compounds that modulate neurotransmitter systems, offering potential treatments for conditions such as anxiety, depression, and cognitive impairments. Additionally, its structural features are being investigated for their role in enhancing drug stability and bioavailability, making it a promising candidate for further pharmaceutical development.