This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its unique spirocyclic structure makes it a valuable scaffold for developing potential drug candidates, particularly in the treatment of neurological disorders and cancer. Researchers often modify its core structure to enhance binding affinity and selectivity towards specific biological targets, such as enzymes or receptors. Additionally, its hydrochloride salt form improves solubility, facilitating its use in pharmaceutical formulations and experimental studies. The compound's versatility also extends to its role in the development of novel therapeutic agents, where it serves as a building block for creating compounds with optimized pharmacokinetic properties.