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 is often explored for its potential in modulating receptor activity, making it valuable in the design of drugs for conditions like depression, anxiety, and schizophrenia. Additionally, it is investigated for its role in creating novel therapeutic agents with improved efficacy and reduced side effects.