This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmacologically active molecules. Its unique spirocyclic structure makes it a valuable building block for the development of drugs targeting central nervous system disorders, including anxiety, depression, and neurodegenerative diseases. Additionally, it is explored for its potential in creating novel compounds with anti-inflammatory and analgesic properties. Researchers also investigate its role in modulating specific receptors or enzymes, contributing to the advancement of targeted therapies.