This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its spirocyclic structure is advantageous in drug design, as it enhances molecular rigidity and improves binding affinity to specific receptors. Researchers often incorporate it into the development of potential therapeutic agents, such as antidepressants, anxiolytics, and antipsychotics. Additionally, its unique framework is explored in the creation of novel compounds for treating neurodegenerative diseases like Alzheimer's and Parkinson's. The compound's versatility also extends to its use in studying enzyme inhibition and receptor modulation, making it a valuable tool in advancing drug discovery efforts.