This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmaceutical agents. Its unique spirocyclic structure makes it a valuable building block for developing drugs that target neurological disorders, particularly those involving the modulation of neurotransmitter systems. Researchers have explored its potential in creating compounds that interact with receptors in the central nervous system, offering possibilities for treating conditions such as anxiety, depression, and cognitive impairments. Additionally, its structural features are being investigated for their role in enhancing the bioavailability and stability of drug candidates, making it a promising candidate for further development in drug discovery pipelines.