This compound is primarily utilized in the field of organic synthesis and medicinal chemistry. It serves as a key intermediate in the development of various pharmaceutical agents, particularly those targeting neurological disorders. Its unique spirocyclic structure makes it valuable for creating compounds with specific biological activities, such as receptor modulation. Additionally, it is explored in the design of ligands for drug discovery, offering potential applications in treating conditions like anxiety, depression, and cognitive impairments. Its versatility in chemical reactions also makes it a useful building block for synthesizing complex molecules in research and development.