This compound is primarily utilized in the field of medicinal chemistry, particularly in the development of pharmaceutical agents. It serves as a key intermediate or building block in the synthesis of various biologically active molecules. Its structural features make it valuable for creating compounds with potential therapeutic effects, especially in targeting neurological disorders or as part of drug discovery programs. Researchers often explore its derivatives for their pharmacological properties, such as receptor binding or enzyme inhibition, to develop new treatments for diseases. Additionally, its spirocyclic structure contributes to its stability and bioavailability, making it a promising candidate for further optimization in drug design.