This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its unique spirocyclic structure makes it valuable for designing compounds with specific receptor-binding properties, often explored in the creation of potential drugs for conditions like depression, anxiety, and cognitive impairments. Additionally, it is employed in the study of enzyme inhibition and as a building block for complex organic molecules in medicinal chemistry.