This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its spirocyclic structure is valuable in drug design due to its ability to enhance molecular rigidity and improve binding affinity to target proteins. Researchers often employ it in the development of novel therapeutics for conditions such as depression, anxiety, and neurodegenerative diseases. Additionally, its unique chemical framework makes it a useful building block for creating compounds with potential anti-inflammatory and analgesic properties.