This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of various biologically active molecules. Its unique structure, featuring a spirocyclic core, makes it valuable for designing compounds with potential therapeutic applications, particularly in the field of central nervous system (CNS) disorders. Researchers often employ it to create novel drug candidates targeting receptors or enzymes involved in neurological pathways. Additionally, its chemical framework is explored for developing inhibitors or modulators of specific proteins, contributing to advancements in medicinal chemistry and drug discovery.