This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its unique spirocyclic structure makes it a valuable intermediate in the creation of molecules targeting neurological and psychiatric disorders. Researchers explore its potential in modulating specific receptors or enzymes in the central nervous system, aiming to develop treatments for conditions such as anxiety, depression, or cognitive impairments. Additionally, its chemical properties are studied for their role in enhancing drug bioavailability and stability, contributing to the optimization of therapeutic agents.