This compound is primarily utilized in pharmaceutical research, particularly in the development of novel therapeutic agents. Its unique spirocyclic structure makes it a valuable intermediate in the synthesis of compounds targeting central nervous system disorders. Researchers explore its potential in modulating neurotransmitter systems, which could lead to treatments for conditions like depression, anxiety, and neurodegenerative diseases. Additionally, its structural features are of interest in medicinal chemistry for designing drugs with improved bioavailability and selectivity. The hydrochloride salt form enhances its solubility, making it suitable for various experimental and formulation studies.