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 the central nervous system. Its structural features make it a valuable scaffold for developing potential therapeutic agents, such as receptor modulators or enzyme inhibitors. Researchers often explore its derivatives for their potential in treating neurological disorders, including anxiety, depression, and cognitive impairments. Additionally, its unique spirocyclic structure contributes to its use in drug discovery programs aimed at identifying novel compounds with enhanced efficacy and selectivity.