This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system (CNS) drugs. Its structure is valuable in creating spirocyclic frameworks, which are often found in molecules targeting neurological disorders. It serves as a key intermediate in the production of potential therapeutic agents for conditions like depression, anxiety, and neurodegenerative diseases. Additionally, it is used in organic chemistry research to explore novel reaction pathways and to develop new drug candidates with improved efficacy and safety profiles.