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 biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its spirocyclic structure makes it valuable in designing drugs that interact with specific receptors in the brain, potentially leading to treatments for conditions like depression, anxiety, and neurodegenerative diseases. Additionally, it is explored in medicinal chemistry for its potential to enhance drug efficacy and selectivity. Researchers also investigate its role in developing novel therapeutic agents with improved pharmacokinetic profiles.