This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and inflammatory conditions. Its spirocyclic structure is advantageous in drug design, as it enhances binding affinity and metabolic stability. Researchers often incorporate it into the development of enzyme inhibitors, where its unique scaffold can interact with specific protein targets. Additionally, it has been explored in the creation of novel therapeutic agents for diseases like Alzheimer's and Parkinson's, owing to its potential to modulate key pathways in the brain. Its application extends to the optimization of drug candidates for improved efficacy and reduced side effects.