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 bioactive molecules, particularly those targeting neurological disorders. Its spirocyclic structure makes it a valuable scaffold for developing compounds with potential therapeutic effects on the central nervous system. Researchers often explore its derivatives for their ability to modulate neurotransmitter systems, which could lead to the development of new treatments for conditions like depression, anxiety, or neurodegenerative diseases. Additionally, its unique chemical structure is studied for its potential in creating novel drug candidates with improved pharmacokinetic properties.