This compound is primarily utilized in research and development within the field of medicinal chemistry. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its spirocyclic structure makes it valuable for designing compounds with potential therapeutic effects, such as modulators of neurotransmitter systems. Additionally, it is explored for its role in creating novel drug candidates with improved pharmacokinetic properties. Researchers also investigate its application in the development of ligands for receptor studies, aiding in the understanding of complex biochemical pathways.