This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological disorders. Its spirocyclic structure is often incorporated into compounds designed to interact with specific receptors in the brain, such as those involved in anxiety, depression, or cognitive enhancement. Additionally, it is explored for its potential in developing treatments for pain management and inflammation due to its ability to modulate certain biochemical pathways. Researchers also investigate its role in creating novel therapeutic agents with improved efficacy and reduced side effects.