This compound is primarily utilized in pharmaceutical research and development due to its unique structural properties. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its spirocyclic structure makes it a valuable scaffold for designing drugs that interact with specific receptors in the brain, such as those involved in mood regulation and cognitive function. Additionally, it is explored for its potential in creating novel therapeutics for conditions like anxiety, depression, and neurodegenerative diseases. Its hydrochloride form enhances solubility, making it suitable for formulation studies and preclinical testing.