This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its unique spirocyclic structure makes it a valuable building block for developing molecules with potential biological activity. It is often employed in the design and synthesis of compounds targeting central nervous system disorders, including anxiety and depression, due to its ability to interact with specific neurotransmitter systems. Additionally, it is explored in the development of novel drugs for pain management and inflammation, leveraging its structural versatility to enhance drug efficacy and selectivity. Researchers also investigate its potential in creating new therapeutic agents for treating neurodegenerative diseases, such as Alzheimer's and Parkinson's, by modulating critical pathways in the brain.