Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its spirocyclic structure is particularly valuable in the design of drugs targeting the central nervous system, where it can enhance binding affinity and selectivity. The compound is also explored in the development of novel analgesics and antidepressants due to its potential to modulate neurotransmitter systems. Additionally, it finds application in organic synthesis as a building block for complex heterocyclic compounds, contributing to advancements in medicinal chemistry.