This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel therapeutic agents. Its unique structure makes it a valuable intermediate in the creation of compounds targeting central nervous system disorders, such as anxiety, depression, and neurodegenerative diseases. Researchers also explore its potential in designing drugs with anti-inflammatory or analgesic properties. Additionally, its spirocyclic framework is of interest in medicinal chemistry for enhancing drug stability and bioavailability. The hydrochloride salt form improves solubility, facilitating its use in various experimental and formulation processes.