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 the central nervous system. Its spirocyclic structure makes it a valuable scaffold for developing drugs with potential applications in treating neurological disorders, such as anxiety, depression, and cognitive impairments. Additionally, its unique chemical framework is explored in the design of novel compounds with improved pharmacokinetic properties and selectivity for specific biological targets. Researchers also investigate its role in modulating receptor activity, which could lead to the development of new therapeutic agents.