This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its unique spirocyclic structure makes it a valuable building block for designing drugs targeting central nervous system disorders, particularly those involving neurotransmitter modulation. Researchers often employ it in the development of potential therapeutic agents for conditions like anxiety, depression, and neurodegenerative diseases. Additionally, its pyrrolidine moiety is advantageous in enhancing the pharmacokinetic properties of drug candidates, such as improving solubility and bioavailability. The compound is also explored in the creation of novel ligands for receptor studies, aiding in the understanding of complex biochemical pathways.