This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of molecules targeting central nervous system disorders, such as anxiety, depression, and cognitive impairments. Its unique spirocyclic structure is valuable in designing compounds with enhanced binding affinity and selectivity for specific receptors or enzymes. Additionally, it is explored in medicinal chemistry for its potential role in developing treatments for neurodegenerative diseases, leveraging its ability to modulate biological pathways effectively. Its application extends to the study of pharmacokinetic properties, aiding in the optimization of drug efficacy and safety profiles.