This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its unique spirocyclic structure makes it a valuable scaffold for designing inhibitors of specific enzymes or receptors involved in disease pathways. Researchers often explore its derivatives for potential therapeutic applications, such as treating anxiety, depression, or neurodegenerative conditions. Additionally, it is studied for its role in modulating neurotransmitter systems, which could lead to the development of novel pharmaceuticals with improved efficacy and safety profiles.