This compound is primarily utilized in the field of medicinal chemistry and pharmacology. It serves as a key intermediate in the synthesis of various pharmaceutical agents, particularly those targeting neurological and psychiatric disorders. Its structural features make it valuable in the development of compounds that interact with specific receptors in the brain, such as serotonin or dopamine receptors. Researchers often employ it to create potential drug candidates for conditions like depression, anxiety, and schizophrenia. Additionally, its spirocyclic structure contributes to enhanced stability and bioavailability, making it a preferred choice in drug design and optimization processes.