This chemical is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various bioactive compounds, particularly those targeting neurological and psychiatric disorders. Its spirocyclic structure makes it a valuable scaffold for developing molecules that interact with specific receptors in the brain, such as serotonin or dopamine receptors. Researchers often explore its derivatives for potential applications in treating conditions like depression, anxiety, and schizophrenia. Additionally, its chemical properties are leveraged in the design of novel drugs with improved efficacy and reduced side effects.