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 biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its unique spirocyclic structure makes it valuable in the development of compounds that interact with specific receptors in the brain, such as those involved in dopamine or serotonin pathways. Additionally, it is explored for its potential in creating novel therapeutic agents for conditions like depression, anxiety, and neurodegenerative diseases. Its role in drug discovery highlights its importance in advancing treatments for complex central nervous system disorders.