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 psychiatric disorders. Its structural framework is often incorporated into the development of potential drugs that interact with specific receptors in the brain, such as serotonin or dopamine receptors, making it valuable for creating treatments for conditions like depression, anxiety, and schizophrenia. Additionally, its spirocyclic structure contributes to the stability and bioavailability of the resulting compounds, enhancing their potential as therapeutic agents. Researchers also explore its use in designing novel compounds for pain management and neurodegenerative diseases.