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 neurological and psychiatric disorders. Its unique spirocyclic structure makes it a valuable scaffold for developing compounds with potential therapeutic effects. Researchers often explore its derivatives for their ability to modulate specific receptors or enzymes in the central nervous system, aiming to create novel treatments for conditions such as anxiety, depression, or cognitive impairments. Additionally, its structural features are investigated for their potential in drug design to enhance bioavailability and target specificity.