This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of biologically active molecules, particularly those targeting neurological disorders. Its structure is often incorporated into the development of receptor ligands, which can modulate specific pathways in the brain, making it valuable for creating potential treatments for conditions like anxiety, depression, or neurodegenerative diseases. Additionally, its spirocyclic and ketone functionalities make it a versatile building block for designing compounds with improved pharmacokinetic properties, such as enhanced stability and bioavailability. Researchers also explore its use in the development of novel therapeutic agents due to its potential to interact with various biological targets.