This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active molecules. Its spirocyclic structure makes it a valuable scaffold for developing potential drug candidates, particularly in the design of compounds targeting neurological disorders. Researchers often employ it in the construction of complex molecules due to its stability and ability to introduce functional groups at specific positions. Additionally, it has shown promise in the development of enzyme inhibitors, where its unique geometry can enhance binding affinity and selectivity. Its application extends to the exploration of new therapeutic agents for conditions such as anxiety, depression, and other CNS-related diseases.