Used in pharmaceutical research, this compound is primarily investigated for its potential as a building block in the synthesis of bioactive molecules. It is particularly studied for its role in developing central nervous system (CNS) drugs, where its structural framework may contribute to the modulation of neurotransmitter systems. Additionally, it is explored in the creation of ligands for receptors involved in neurological disorders, offering possibilities for therapeutic applications in conditions like anxiety, depression, and cognitive impairments. Its spirocyclic structure is also valued in medicinal chemistry for enhancing drug-like properties, such as stability and bioavailability.