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 bioactive molecules, particularly those targeting neurological disorders. Its unique spirocyclic structure makes it a valuable scaffold for developing compounds with potential therapeutic effects, such as modulators of neurotransmitter systems. Researchers explore its applications in designing drugs for conditions like anxiety, depression, and cognitive impairments. Additionally, its structural features are studied for their role in enhancing drug stability and bioavailability, contributing to the development of more effective pharmaceutical agents.