This compound is primarily utilized in pharmaceutical research and development due to its unique spirocyclic structure, which is often explored for its potential biological activity. It serves as a key intermediate in the synthesis of various drug candidates, particularly those targeting neurological disorders. Its structural framework is valuable in designing molecules that interact with specific receptors or enzymes in the brain, making it a promising scaffold for developing treatments for conditions like anxiety, depression, or neurodegenerative diseases. Additionally, its chemical properties are leveraged in medicinal chemistry to optimize drug-like characteristics, such as bioavailability and metabolic stability.