This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its unique spirocyclic structure makes it a valuable building block for developing compounds with potential biological activity. Researchers often employ it in the design and creation of molecules targeting neurological disorders, such as Alzheimer's disease, due to its ability to interact with specific receptors in the brain. Additionally, it has shown promise in the development of drugs for treating psychiatric conditions, including depression and anxiety, owing to its potential modulation of neurotransmitter systems. Its application extends to the study of enzyme inhibition, where it serves as a scaffold for designing inhibitors that can regulate biochemical pathways.