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 disorders. Its unique spirocyclic structure makes it valuable in the development of compounds that interact with specific receptors in the central nervous system, potentially leading to new treatments for conditions like depression, anxiety, or neurodegenerative diseases. Additionally, it is explored in the design of novel drug candidates due to its ability to enhance pharmacokinetic properties, such as stability and bioavailability. Researchers also investigate its potential in creating selective enzyme inhibitors or modulators for therapeutic applications.