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 neurological and psychiatric disorders. Its spirocyclic structure makes it a valuable building block for developing novel drugs with potential applications in treating conditions such as depression, anxiety, and cognitive impairments. Additionally, it is explored in the development of enzyme inhibitors and receptor modulators due to its unique chemical framework, which can enhance drug specificity and efficacy. Researchers also investigate its use in creating prodrugs, aiming to improve bioavailability and therapeutic outcomes.