This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its unique spirocyclic structure makes it a valuable intermediate in the creation of molecules targeting central nervous system disorders, such as anxiety, depression, and neurodegenerative diseases. Additionally, it is employed in the study of receptor modulation and enzyme inhibition, aiding in the discovery of new therapeutic agents. Its hydrochloride form enhances solubility, making it suitable for various experimental and formulation processes in drug discovery.