This compound finds application in the field of medicinal chemistry, particularly in the development of pharmaceutical agents. It serves as a key intermediate in the synthesis of various biologically active molecules, including potential drugs targeting neurological disorders. Its structural framework is utilized to design compounds that interact with specific receptors in the brain, making it valuable for research in neuropharmacology. Additionally, it is employed in the study of enzyme inhibition, aiding in the discovery of new therapeutic agents for conditions such as anxiety, depression, and cognitive impairments. Its unique spirocyclic structure contributes to its stability and bioavailability, enhancing its utility in drug development processes.