This compound is primarily utilized in pharmaceutical research and development, particularly in the study of novel therapeutic agents. Its unique structure makes it a valuable intermediate in the synthesis of compounds targeting central nervous system disorders. Researchers explore its potential in modulating specific receptors or enzymes involved in neurological pathways, which could lead to the development of new treatments for conditions such as anxiety, depression, or neurodegenerative diseases. Additionally, its spirocyclic framework is of interest in medicinal chemistry for designing molecules with enhanced bioavailability and selectivity.