This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological disorders. Its structural framework is valuable in the development of potential therapeutic agents, such as inhibitors for specific enzymes or receptors involved in diseases like Alzheimer's or Parkinson's. Additionally, it is explored for its role in creating novel compounds with antipsychotic or antidepressant properties, owing to its unique spirocyclic and benzyl-substituted piperidine structure. Researchers also investigate its potential in modulating neurotransmitter systems, making it a promising candidate for drug discovery and development.