This chemical compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules. Its unique spirocyclic structure makes it valuable for developing compounds with potential therapeutic effects, particularly in the areas of neurology and psychiatry. Researchers often explore its derivatives for their ability to modulate specific receptors or enzymes in the central nervous system, which could lead to the development of new treatments for conditions such as anxiety, depression, or neurodegenerative disorders. Additionally, its structural features are leveraged in the design of drug candidates with improved pharmacokinetic properties, such as enhanced bioavailability and stability.