This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its unique spirocyclic structure makes it a valuable building block for designing drugs targeting neurological disorders, particularly those involving the modulation of neurotransmitter systems. Researchers have explored its potential in developing compounds with anxiolytic, antidepressant, and antipsychotic properties. Additionally, its structural features are being investigated for their role in enhancing drug bioavailability and stability, making it a promising candidate for pharmaceutical applications. Its versatility also extends to the development of novel enzyme inhibitors, which could be useful in treating metabolic and inflammatory diseases.