This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active molecules. Its unique spirocyclic structure makes it valuable for developing drugs targeting the central nervous system, particularly for neurological disorders such as depression, anxiety, and schizophrenia. Additionally, it serves as a building block in medicinal chemistry for creating compounds with potential therapeutic effects, including anti-inflammatory and analgesic properties. Its application extends to research and development, where it is used to explore novel drug candidates and optimize pharmacological profiles.