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 a valuable building block for developing molecules with potential biological activity. Researchers often explore its use in designing drugs that target the central nervous system, particularly for conditions like depression, anxiety, and neurodegenerative disorders. Additionally, its framework is investigated for its potential in creating compounds with anti-inflammatory or analgesic properties. The compound's versatility in chemical modifications allows for the development of novel therapeutic candidates with improved efficacy and selectivity.