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 and psychiatric disorders. Its spirocyclic structure makes it a valuable scaffold for developing compounds with potential therapeutic effects on the central nervous system. Researchers often explore its derivatives for their ability to modulate specific receptors or enzymes involved in disease pathways. Additionally, it is employed in the development of novel drugs aimed at treating conditions such as depression, anxiety, and cognitive impairments. Its versatility in chemical synthesis allows for the creation of diverse compounds with optimized pharmacological properties.