This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its unique spirocyclic structure makes it valuable for designing and developing novel pharmaceutical agents, particularly those targeting neurological and psychiatric disorders. Researchers leverage its framework to create compounds with potential therapeutic effects on conditions like anxiety, depression, and cognitive impairments. Additionally, it serves as a building block in the development of small-molecule inhibitors for enzymes and receptors involved in disease pathways. Its versatility in chemical modifications allows for the exploration of diverse drug candidates, contributing to advancements in drug discovery and development.