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 valuable for developing compounds with potential therapeutic effects, such as neuromodulators or receptor ligands. Researchers often explore its derivatives for their ability to interact with specific neurotransmitter systems, which could lead to treatments for neurological disorders like anxiety, depression, or pain management. Additionally, its structural complexity allows for the creation of novel drug candidates with improved selectivity and efficacy.