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 and psychiatric disorders. Its structural framework is valuable in developing compounds that interact with specific receptors in the brain, such as serotonin or dopamine receptors, making it relevant for potential treatments of depression, anxiety, or other CNS-related conditions. Additionally, it may be explored for its role in creating novel therapeutic agents due to its unique spirocyclic and chroman-based architecture. Researchers also investigate its derivatives for their potential pharmacological properties, including anti-inflammatory, antioxidant, or neuroprotective effects.