Primarily utilized 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 in the development of drugs targeting neurological disorders, particularly those involving modulation of neurotransmitter systems. Additionally, it finds application in the creation of novel therapeutic agents for treating conditions like anxiety, depression, and chronic pain due to its potential interaction with specific receptors in the central nervous system. In medicinal chemistry, it is also explored for its role in designing compounds with improved bioavailability and metabolic stability.