This compound is primarily utilized in the field of medicinal chemistry as a building block for the synthesis of various pharmaceutical agents. Its unique spirocyclic structure makes it a valuable scaffold in drug discovery, particularly for developing molecules that target neurological disorders. It is often incorporated into compounds designed to modulate receptors or enzymes in the central nervous system, potentially aiding in the treatment of conditions such as anxiety, depression, or cognitive impairments. Additionally, its structural features contribute to enhanced metabolic stability and bioavailability, making it a preferred choice in the design of novel therapeutic candidates.