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 and psychiatric disorders. Its unique spirocyclic structure makes it a valuable scaffold for developing compounds with potential therapeutic effects, such as inhibitors of specific enzymes or receptors involved in disease pathways. Researchers often explore its derivatives for their efficacy in modulating biological targets, aiming to create novel drugs for conditions like anxiety, depression, or neurodegenerative diseases. Additionally, its structural complexity allows for optimization of drug-like properties, including bioavailability and selectivity, making it a promising candidate for further drug development studies.