This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active molecules. Its structure is particularly valuable in the development of pharmaceutical agents targeting central nervous system disorders, such as anxiety, depression, and neurodegenerative diseases. The spirocyclic framework of the molecule provides a unique three-dimensional conformation, which enhances binding affinity and selectivity towards specific receptors or enzymes. Additionally, it serves as a building block in the creation of compounds with potential anti-inflammatory and anticancer properties, making it a versatile tool in drug discovery and development.