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 is valuable in developing compounds that interact with specific receptors in the brain, making it a potential candidate for drug development in areas such as antidepressants or anxiolytics. Additionally, it may be explored for its role in modulating neurotransmitter activity, contributing to the treatment of conditions like depression or anxiety. Researchers also investigate its potential in creating novel therapeutic agents due to its unique chemical framework, which can enhance drug stability and bioavailability.