This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various pharmaceutical agents, particularly those targeting neurological and psychiatric disorders. Its spirocyclic structure is valuable in creating molecules with enhanced biological activity and selectivity. Researchers often employ it in the design of compounds that interact with specific receptors or enzymes in the brain, making it a crucial component in the development of potential treatments for conditions such as depression, anxiety, and neurodegenerative diseases. Additionally, its unique chemical framework is explored for its potential in improving drug stability and bioavailability.