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 and cardiovascular disorders. Its unique spirocyclic structure makes it valuable for developing compounds with enhanced stability and selectivity. Researchers explore its potential in designing drugs that modulate specific receptors or enzymes, contributing to the treatment of conditions like anxiety, depression, and hypertension. Additionally, its structural framework is being investigated for applications in creating novel therapeutic agents with improved pharmacokinetic properties.