This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structural framework is often incorporated into compounds designed to interact with specific receptors in the brain, such as sigma receptors or dopamine receptors, which are relevant in conditions like schizophrenia, depression, and anxiety. Additionally, its spirocyclic structure contributes to the stability and bioavailability of the resulting drugs, making it a valuable building block in the creation of novel therapeutic agents. Researchers also explore its potential in developing treatments for neurodegenerative diseases, leveraging its ability to modulate neurotransmitter systems effectively.