This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and psychiatric disorders. Its unique structure, featuring a spirocyclic moiety, makes it valuable for designing compounds with potential activity against receptors or enzymes involved in mental health conditions. Additionally, it is employed in the development of novel therapeutic agents due to its ability to modulate specific biological pathways. Researchers also explore its use in creating fluorescent probes or imaging agents for studying cellular processes. Its applications are largely confined to laboratory settings, where it contributes to the advancement of drug discovery and medicinal chemistry.