This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of bioactive molecules. It serves as a key intermediate in the creation of compounds that target neurological disorders, such as Alzheimer's disease and other cognitive impairments. Its spirocyclic structure is valuable in drug design, as it enhances molecular stability and binding affinity to specific biological targets. Additionally, it is employed in the development of potential therapeutic agents for psychiatric conditions, owing to its ability to modulate neurotransmitter systems. Researchers also explore its applications in designing novel inhibitors for enzymes involved in disease pathways.