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 neurological disorders. Its unique spirocyclic structure makes it a valuable scaffold for developing compounds with potential therapeutic effects on the central nervous system. Researchers explore its derivatives for applications in treating conditions such as anxiety, depression, and cognitive impairments. Additionally, its structural features are investigated for their role in enhancing drug delivery and improving pharmacokinetic properties in new drug candidates.