This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its spirocyclic structure makes it a valuable building block for developing compounds with potential therapeutic effects, particularly in the central nervous system. It is often employed in the preparation of drugs targeting neurological disorders, such as anxiety, depression, and cognitive impairments. Additionally, its unique chemical framework allows for the exploration of novel bioactive molecules in drug discovery programs, contributing to the development of innovative treatments for complex diseases.