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 disorders. Its spirocyclic structure is valuable in the development of drugs that interact with specific receptors in the brain, such as those involved in mood regulation and cognitive function. Additionally, it is explored for its potential in creating novel therapeutic agents for conditions like depression, anxiety, and neurodegenerative diseases. Researchers also investigate its role in enhancing the pharmacokinetic properties of drug candidates, improving their stability and efficacy.