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 spirocyclic structure makes it valuable for developing compounds that interact with specific receptors in the brain, such as those involved in mood regulation and cognitive function. Additionally, it is explored for its potential in creating novel drugs with improved efficacy and reduced side effects, particularly in the treatment of depression, anxiety, and neurodegenerative diseases. Its role in drug discovery highlights its importance in advancing therapeutic options for complex medical conditions.