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 compounds with potential therapeutic effects, particularly in the central nervous system. Researchers explore its derivatives for their potential as ligands targeting specific receptors, which could lead to the development of new drugs for neurological disorders. Additionally, its structural features are of interest in the design of molecules with enhanced bioavailability and metabolic stability, making it a promising candidate for drug discovery and development.