This chemical is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various bioactive compounds, particularly those targeting neurological and psychiatric disorders. Its spirocyclic structure makes it a valuable scaffold for developing molecules that interact with specific receptors in the central nervous system, such as those involved in modulating neurotransmitter activity. Researchers often employ it in the design and optimization of drugs aimed at treating conditions like depression, anxiety, and cognitive impairments. Additionally, its unique chemical properties contribute to enhancing the stability and bioavailability of potential therapeutic agents.