This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its unique spirocyclic structure makes it a valuable building block for designing drugs, particularly those targeting central nervous system disorders. Researchers often employ it in the development of potential therapeutic agents due to its ability to enhance pharmacokinetic properties and improve drug-like characteristics. Additionally, it is explored in the creation of novel compounds for treating conditions such as depression, anxiety, and neurodegenerative diseases. Its versatility also extends to its use in organic synthesis, where it serves as a precursor for more complex chemical structures in pharmaceutical research and development.