This chemical is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various pharmaceutical compounds, particularly those targeting neurological and cardiovascular disorders. Its unique spirocyclic structure makes it a valuable scaffold for designing molecules with specific biological activities. Researchers often employ it in the creation of receptor modulators and enzyme inhibitors, where its structural framework can enhance binding affinity and selectivity. Additionally, it is explored in the development of potential treatments for conditions like hypertension, anxiety, and depression due to its ability to interact with specific biological pathways. Its versatility in chemical synthesis also allows for modifications to optimize pharmacokinetic properties, making it a crucial component in the discovery of new therapeutic agents.