This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its unique spirocyclic structure makes it a valuable intermediate in the creation of molecules targeting central nervous system disorders. It is often employed in the design of compounds with potential therapeutic effects on neurological conditions such as anxiety, depression, and cognitive impairments. Additionally, it serves as a key building block in the development of receptor modulators, contributing to advancements in medicinal chemistry and drug discovery.