This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological disorders. Its spirocyclic structure makes it a valuable scaffold for developing compounds with potential antipsychotic, antidepressant, or anxiolytic properties. Researchers often explore its derivatives for their ability to modulate neurotransmitter systems, such as dopamine or serotonin receptors, which are critical in treating mental health conditions. Additionally, its unique chemical framework is leveraged in drug discovery programs to enhance the pharmacokinetic and pharmacodynamic profiles of new therapeutic agents.