This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological disorders. Its structural framework is valuable in the development of compounds that interact with central nervous system receptors, making it a crucial component in the design of potential therapeutic agents for conditions like anxiety, depression, and schizophrenia. Additionally, its spirocyclic and piperidine components are often explored for their potential in creating novel drug candidates with improved efficacy and selectivity.