This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological disorders. Its unique spirocyclic structure makes it valuable for designing compounds with enhanced binding affinity and selectivity towards specific receptors or enzymes. Researchers often employ it in the creation of potential drug candidates for conditions such as anxiety, depression, and cognitive impairments. Additionally, its stability and reactivity under controlled conditions make it a preferred choice for exploratory studies in medicinal chemistry.