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 valuable in the development of drugs targeting the central nervous system, particularly for conditions like depression, anxiety, and other mood disorders. Researchers often explore its potential in modulating neurotransmitter systems, such as serotonin and dopamine, due to its structural compatibility with receptor sites. Additionally, its hydrochloride form enhances solubility, making it suitable for formulation into injectable or oral medications. The compound’s stability and reactivity also make it a candidate for further chemical modifications to optimize pharmacokinetic properties.