This chemical is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of biologically active compounds. It plays a significant role in the creation of molecules with potential therapeutic applications, particularly in the development of drugs targeting neurological disorders and other complex diseases. Its structural features make it valuable for designing compounds with enhanced binding affinity and selectivity for specific biological targets. Additionally, it is used in organic synthesis to construct complex spirocyclic frameworks, which are often found in natural products and medicinal agents. Its versatility in chemical transformations makes it a valuable tool for chemists working on innovative drug discovery projects.