Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its unique spirocyclic structure makes it valuable for designing drugs with specific binding properties, particularly in the development of central nervous system (CNS) therapeutics. Additionally, it is employed in the creation of novel compounds for studying enzyme inhibition and receptor interactions, aiding in the discovery of new treatments for neurological disorders. Its role in organic synthesis also extends to the production of complex organic frameworks, contributing to advancements in medicinal chemistry.