Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its unique spirocyclic structure makes it valuable for designing drugs targeting neurological disorders, including anxiety and depression, due to its potential to interact with specific neurotransmitter systems. Additionally, it is explored in the development of novel therapeutic agents for treating pain management and inflammation. Its versatility in chemical reactions allows for the creation of diverse derivatives, enhancing its utility in medicinal chemistry.