This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive compounds. Its unique spirocyclic structure makes it valuable for developing drugs targeting neurological disorders, particularly those involving the central nervous system. It is also explored in the creation of compounds with potential anti-inflammatory and antimicrobial properties. Additionally, its framework is studied in organic chemistry for designing novel molecules with specific stereochemical properties, aiding in the development of advanced therapeutic agents.