This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various therapeutic agents. Its unique spirocyclic structure makes it valuable for developing compounds with potential activity against central nervous system disorders, including anxiety and depression. Researchers also explore its use in creating novel drugs targeting neurological pathways due to its ability to interact with specific receptors in the brain. Additionally, it serves as a building block in organic synthesis for designing molecules with enhanced bioavailability and stability. Its applications extend to the development of bioactive compounds in medicinal chemistry, where it contributes to the creation of innovative treatments for complex diseases.