Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various therapeutic agents. Its spirocyclic structure makes it valuable in the development of drugs targeting the central nervous system, particularly for conditions like anxiety, depression, and neurodegenerative disorders. Additionally, it is explored for its potential in modulating receptor activity, contributing to the creation of novel treatments with improved efficacy and reduced side effects. Its application extends to chemical biology studies, where it aids in understanding complex biochemical pathways and interactions.