This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmaceutical agents. Its unique spirocyclic structure makes it valuable for developing drugs targeting the central nervous system, particularly for conditions like anxiety, depression, and neurodegenerative disorders. Additionally, it has been explored for its potential in creating novel compounds with anti-inflammatory and analgesic properties. Researchers also investigate its role in modulating specific receptors or enzymes, which could lead to the development of targeted therapies for complex diseases. Its structural versatility allows for modifications to enhance bioavailability and efficacy in drug formulations.