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 structural framework is often incorporated into the design of drugs that interact with specific receptors in the brain, such as dopamine or serotonin receptors, making it valuable for developing treatments for conditions like depression, anxiety, and schizophrenia. Additionally, its unique spirocyclic structure contributes to the stability and bioavailability of the resulting pharmaceutical compounds, enhancing their therapeutic potential. Researchers also explore its use in creating novel compounds with potential antipsychotic or antidepressant properties, further expanding its applications in drug discovery.