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 spirocyclic structure is valuable in designing compounds that interact with specific receptors or enzymes in the central nervous system. Researchers often explore its derivatives for potential applications in treating conditions such as anxiety, depression, and neurodegenerative diseases. Additionally, its unique scaffold is leveraged in the development of novel therapeutic agents due to its ability to enhance drug-like properties, such as stability and bioavailability.