This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmaceutical agents. Its unique spirocyclic structure makes it valuable for developing drugs that target the central nervous system, particularly in the treatment of neurological disorders. Additionally, it is employed in the creation of ligands for receptors involved in pain management and mood regulation. The compound's versatility also extends to its use in research settings, where it aids in the study of biochemical pathways and the development of novel therapeutic compounds.