This compound is primarily utilized in the field of medicinal chemistry and pharmacology due to its structural properties. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting the central nervous system. Its spirocyclic structure makes it a valuable scaffold for developing compounds with potential therapeutic effects, such as neuromodulators or receptor ligands. Researchers often employ it in the design and optimization of drugs aimed at treating neurological disorders, including anxiety, depression, and cognitive impairments. Additionally, its unique chemical framework allows for further functionalization, enabling the creation of diverse derivatives for screening and drug discovery purposes.