This compound is primarily utilized in the field of medicinal chemistry as an intermediate in the synthesis of various pharmaceutical agents. Its unique spirocyclic structure makes it a valuable building block for developing drugs targeting the central nervous system, particularly for conditions like anxiety, depression, and neurodegenerative disorders. Additionally, it is employed in research to create novel compounds with potential therapeutic effects, often focusing on modulating neurotransmitter activity or receptor interactions. Its hydrochloride form enhances solubility, making it more suitable for use in experimental and formulation processes.