This compound is primarily utilized in research and development within the field of medicinal chemistry. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological disorders. Its unique spirocyclic structure makes it valuable for designing compounds that interact with specific receptors or enzymes in the brain, potentially aiding in the treatment of conditions like anxiety, depression, or cognitive impairments. Additionally, it may be explored for its potential in developing novel pharmaceuticals due to its ability to modulate biochemical pathways effectively.