This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various bioactive molecules. Its structure, featuring a spirocyclic system, makes it valuable for designing compounds with potential therapeutic applications, particularly in the field of central nervous system (CNS) disorders. It is often employed in the preparation of ligands or inhibitors targeting specific receptors or enzymes, aiding in the discovery of new drugs for conditions like anxiety, depression, or neurodegenerative diseases. Additionally, its tert-butyl carboxylate group provides stability and ease of further functionalization, making it a versatile building block in organic synthesis.