This compound 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 molecules, particularly those targeting central nervous system disorders. Its spirocyclic structure is often incorporated into drug candidates to enhance binding affinity and selectivity towards specific receptors or enzymes. Researchers explore its potential in developing treatments for conditions such as depression, anxiety, and neurodegenerative diseases. Additionally, its unique chemical framework makes it a valuable scaffold for designing novel compounds with improved pharmacokinetic properties.