This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of compounds targeting neurological disorders, as it can interact with specific receptors in the brain. Additionally, it serves as a building block in the creation of potential therapeutic agents for conditions such as anxiety, depression, and chronic pain. Its unique spirocyclic framework makes it a versatile scaffold for drug discovery, enabling researchers to explore a wide range of pharmacological activities.