Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its spirocyclic structure makes it valuable for developing drugs targeting neurological disorders, particularly those involving the central nervous system. Researchers utilize it to create compounds with potential antidepressant, antipsychotic, or anxiolytic properties. Additionally, its unique chemical framework aids in the study of receptor binding interactions, contributing to the design of more effective therapeutic agents. Its application extends to organic synthesis, where it acts as a building block for complex chemical structures in medicinal chemistry.