This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its unique spirocyclic structure makes it valuable for developing compounds with potential biological activity, particularly in the design of central nervous system (CNS) drugs. Researchers have explored its application in creating molecules that target receptors or enzymes involved in neurological disorders, such as anxiety, depression, or cognitive impairments. Additionally, its structural features are advantageous for optimizing drug-like properties, including solubility, stability, and bioavailability, making it a versatile building block in drug discovery and development processes.