This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmacologically active molecules. Its unique spirocyclic structure makes it valuable for designing drugs that target central nervous system disorders, such as depression, anxiety, and neurodegenerative diseases. Additionally, it is explored in the development of enzyme inhibitors and receptor modulators due to its ability to mimic specific biological structures. Researchers also investigate its potential in creating novel therapeutic agents for treating inflammation and pain, leveraging its chemical framework to enhance drug efficacy and selectivity.