This compound is primarily utilized in the field of medicinal chemistry as a key intermediate or building block in the synthesis of more complex molecules. Its unique spirocyclic structure makes it valuable for designing and developing novel pharmaceutical agents, particularly those targeting central nervous system disorders. Researchers often explore its potential in creating inhibitors or modulators for specific enzymes or receptors, which could lead to new treatments for conditions like anxiety, depression, or neurodegenerative diseases. Additionally, its structural features are studied for their potential in enhancing drug-like properties, such as bioavailability and metabolic stability, in drug discovery programs.