This compound is primarily utilized in pharmaceutical research and development due to its potential biological activity. It serves as a key intermediate in the synthesis of various drug candidates, particularly those targeting neurological and psychiatric disorders. Its unique spirocyclic structure makes it a valuable scaffold for designing molecules with enhanced selectivity and potency. Additionally, it is explored in the development of enzyme inhibitors and receptor modulators, contributing to advancements in therapeutic treatments. Its applications also extend to chemical biology studies, where it aids in understanding molecular interactions and pathways.