This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the creation of compounds targeting neurological disorders, such as anxiety and depression, due to its structural compatibility with receptors in the central nervous system. Additionally, it is employed in the development of potential therapeutic agents for cardiovascular diseases, leveraging its spirocyclic framework to enhance drug stability and bioavailability. Its versatility also extends to organic synthesis, where it is used to construct complex heterocyclic systems for further chemical exploration.