This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of biologically active molecules. Its unique spirocyclic structure makes it valuable for designing compounds that target specific enzymes or receptors, particularly in the development of central nervous system (CNS) drugs. It is often employed in the creation of potential therapeutics for neurological disorders, such as anxiety, depression, or neurodegenerative diseases. Additionally, its structural features are explored in medicinal chemistry to enhance drug-like properties, including bioavailability and metabolic stability. Researchers also investigate its use in the development of novel inhibitors or modulators for various biological pathways.