This compound finds its primary application in the field of medicinal chemistry, particularly in the development of pharmaceutical drugs. It is often utilized as a key intermediate or building block in the synthesis of complex molecules, especially those targeting neurological or psychiatric disorders. Its unique spirocyclic structure makes it valuable for creating compounds with specific biological activities, such as modulating neurotransmitter systems or acting as enzyme inhibitors. Researchers also explore its potential in designing novel therapeutic agents due to its ability to enhance drug-like properties, including stability and bioavailability. Additionally, it may be employed in the study of chemical reactivity and reaction mechanisms in organic synthesis.