This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its unique spirocyclic structure makes it valuable for constructing complex molecules, particularly in the development of drugs targeting neurological and cardiovascular diseases. Additionally, it is employed in research settings to study enzyme inhibition and receptor binding, aiding in the discovery of new therapeutic agents. Its hydrochloride form enhances solubility, making it more suitable for use in aqueous-based reactions and biological assays.