Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its unique spirocyclic structure makes it valuable for developing drugs targeting central nervous system disorders, including anxiety and depression. Additionally, it is explored for its potential in creating novel therapeutic agents due to its ability to modulate specific receptor activities. Researchers also utilize it in medicinal chemistry to study structure-activity relationships, aiding in the design of more effective and selective drugs.