This compound is primarily utilized in the pharmaceutical industry 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 central nervous system disorders, such as anxiety and depression. Additionally, it serves as a building block in the creation of complex organic compounds, particularly those with potential therapeutic applications. Its oxalate form enhances stability, making it suitable for storage and handling during chemical processes. Researchers also explore its use in designing novel inhibitors for enzymes or receptors, contributing to advancements in medicinal chemistry.