This compound is primarily utilized in the field of medicinal chemistry, particularly in the development of pharmaceutical agents. Its structure, featuring a spirocyclic framework, makes it a valuable scaffold for designing molecules that interact with biological targets. It is often explored for its potential in modulating central nervous system (CNS) receptors, which could lead to applications in treating neurological disorders such as anxiety, depression, or schizophrenia. Additionally, its unique chemical architecture allows for the creation of selective inhibitors or activators of enzymes, making it a candidate for drug discovery programs focused on conditions like inflammation or metabolic diseases. Researchers also investigate its use in synthesizing novel compounds with improved pharmacokinetic properties, enhancing drug efficacy and safety profiles.