This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various pharmacologically active molecules, particularly those targeting central nervous system disorders. Its unique spirocyclic structure makes it valuable for designing compounds with enhanced binding affinity and selectivity for specific biological targets. Researchers often employ it in the development of potential therapeutic agents for conditions such as anxiety, depression, and neurodegenerative diseases. Additionally, its chemical properties are explored in the optimization of drug candidates to improve pharmacokinetic profiles and reduce off-target effects.