This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of compounds targeting central nervous system disorders, such as anxiety and depression, due to its ability to interact with specific neurotransmitter systems. Researchers also explore its potential in creating drugs that modulate serotonin and dopamine receptors, which are crucial in regulating mood and behavior. Additionally, it serves as a building block in the design of spirocyclic compounds, which are known for their diverse pharmacological properties, including anti-inflammatory and analgesic effects. Its application extends to the study of enzyme inhibition, where it aids in the development of inhibitors for enzymes involved in disease pathways.