This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its unique spirocyclic structure makes it a valuable building block for developing compounds with potential biological activity. It is often employed in the creation of molecules targeting neurological disorders, such as Alzheimer's disease and other cognitive impairments, due to its ability to interact with specific receptors in the brain. Additionally, its hydrochloride form enhances solubility, making it more suitable for use in drug formulation and research. The compound is also explored in the development of antimicrobial and antiviral agents, leveraging its structural properties to design effective therapeutic candidates.