This chemical is primarily utilized in the field of medicinal chemistry and drug discovery. It serves as a key intermediate or building block in the synthesis of more complex molecules, particularly those targeting neurological and psychiatric disorders. Its unique spirocyclic structure makes it valuable for designing compounds that interact with specific receptors in the brain, such as serotonin or dopamine receptors. Researchers often explore its derivatives for potential therapeutic applications, including the development of antidepressants, antipsychotics, or anxiolytics. Additionally, its structural framework is studied for its potential to enhance drug stability and bioavailability in pharmaceutical formulations.