This compound is primarily utilized in the field of medicinal chemistry as a building block for the synthesis of various pharmaceutical agents. Its unique spirocyclic structure makes it valuable in the development of drugs targeting the central nervous system, particularly for conditions like depression, anxiety, and neurodegenerative diseases. Additionally, it serves as a key intermediate in the production of compounds with potential anti-inflammatory and analgesic properties. Researchers also explore its use in creating novel ligands for receptors and enzymes, aiding in the discovery of new therapeutic candidates. Its versatility in organic synthesis further extends its application in designing complex molecules for drug discovery and development.