This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmacologically active molecules. Its unique spirocyclic structure makes it valuable for developing compounds with potential therapeutic effects, particularly in the central nervous system. Researchers often explore its derivatives for their ability to interact with specific biological targets, such as receptors or enzymes, which could lead to the development of new drugs for treating neurological disorders. Additionally, its hydrochloride form enhances solubility, making it more suitable for formulation in pharmaceutical preparations.