This compound is primarily utilized in the pharmaceutical and chemical research sectors. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure, featuring a spirocyclic moiety, makes it valuable for designing compounds with specific receptor-binding properties. Researchers often employ it in the development of potential therapeutic agents, especially in the exploration of drugs that interact with the central nervous system. Additionally, it may be used in the preparation of complex organic molecules for studying biochemical pathways or drug mechanisms. Its application is largely confined to laboratory settings, where it contributes to advancements in medicinal chemistry.