This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of compounds targeting neurological disorders, including anxiety and depression, due to its structural compatibility with receptors in the central nervous system. Additionally, it is explored for its potential in developing treatments for cardiovascular diseases, leveraging its spirocyclic framework to enhance drug stability and bioavailability. Its role in medicinal chemistry is significant, as it aids in the design of molecules with improved therapeutic efficacy and reduced side effects.