This chemical is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological and psychiatric disorders. Its unique spirocyclic structure makes it a valuable scaffold for designing molecules with potential therapeutic effects, such as antidepressants, antipsychotics, and anxiolytics. Additionally, it is explored in the development of inhibitors for specific enzymes or receptors involved in disease pathways. Its applications also extend to research in organic synthesis, where it is used to create complex heterocyclic compounds for further pharmacological evaluation.