This compound is primarily used in the pharmaceutical industry as a key intermediate in the synthesis of various therapeutic agents. Its unique spirocyclic structure makes it valuable in the development of drugs targeting neurological disorders, particularly those involving the modulation of neurotransmitter systems. Additionally, it serves as a building block in the creation of complex molecules for research in medicinal chemistry, aiding in the discovery of new treatments for conditions like depression, anxiety, and chronic pain. Its stereochemistry also allows for the development of enantioselective drugs, enhancing efficacy and reducing side effects.