Used in the synthesis of pharmaceuticals, particularly in the development of drugs targeting neurological disorders. It serves as a key intermediate in the production of compounds with potential antipsychotic and antidepressant properties. Additionally, it is employed in research for creating novel therapeutic agents due to its unique spirocyclic structure, which can enhance drug stability and bioavailability. Its applications also extend to organic chemistry, where it is utilized in the study of heterocyclic compounds and their reactivity.