This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various bioactive molecules. Its spirocyclic structure makes it valuable for designing drugs targeting neurological disorders, particularly those involving modulation of neurotransmitter systems. It is often employed in the creation of compounds with potential applications in treating conditions like depression, anxiety, and cognitive impairments. Additionally, its unique chemical framework is explored in the development of enzyme inhibitors and receptor modulators, contributing to advancements in medicinal chemistry. The oxalate salt form enhances its stability and solubility, facilitating its use in experimental formulations and drug delivery systems.