This chemical is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active compounds. Its structure is particularly valuable in the development of potential therapeutic agents targeting neurological disorders, such as anxiety, depression, and cognitive impairments. Researchers often explore its derivatives for their ability to modulate specific receptors in the brain, including serotonin and dopamine receptors, which are critical in regulating mood and behavior. Additionally, its spirocyclic framework makes it a promising candidate for drug discovery programs focused on creating novel molecules with improved pharmacokinetic properties and reduced side effects.