This compound is primarily utilized in pharmaceutical research and development due to its unique structural properties. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological disorders. Its spirocyclic structure makes it valuable in designing drugs that interact with specific receptors in the brain, potentially aiding in the treatment of conditions like depression, anxiety, and neurodegenerative diseases. Additionally, it is explored in organic chemistry for constructing complex molecular frameworks, enabling the development of novel therapeutic agents. Its application extends to medicinal chemistry, where it is used to optimize drug candidates for improved efficacy and reduced side effects.