This compound is primarily utilized in the field of medicinal chemistry, particularly in the development of pharmaceutical agents. It serves as a key intermediate in the synthesis of various bioactive molecules, especially those targeting neurological and cardiovascular disorders. Its spirocyclic structure makes it a valuable scaffold for designing drugs with enhanced stability and selectivity. Additionally, it has been explored for its potential in creating novel therapeutic agents for treating conditions like anxiety, depression, and hypertension due to its interaction with specific receptors in the body. Researchers also investigate its role in modulating enzyme activity, which could lead to innovative treatments for metabolic diseases. Its hydrochloride form ensures better solubility and bioavailability, making it suitable for formulation in oral or injectable medications.