This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmacologically active molecules. Its unique structure, featuring a spirocyclopropane ring fused to an indene moiety, makes it a valuable building block for developing compounds with potential therapeutic effects. Researchers often explore its applications in designing drugs targeting the central nervous system, particularly for conditions like anxiety, depression, or neurodegenerative disorders. Additionally, its amine functional group allows for further chemical modifications, enabling the creation of derivatives with enhanced biological activity or improved pharmacokinetic properties. The hydrochloride salt form enhances its stability and solubility, making it more suitable for experimental and pharmaceutical use.