This chemical 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 structural framework is often incorporated into the development of potential drug candidates, especially for conditions like anxiety, depression, and cognitive impairments. Additionally, its spirocyclic and piperidine components make it valuable for designing compounds with enhanced binding affinity and selectivity towards specific receptors or enzymes in the central nervous system. Researchers also explore its applications in creating novel therapeutic agents due to its versatility and potential for modification to improve pharmacokinetic properties.