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. Its spirocyclic structure makes it a valuable scaffold for developing compounds with potential therapeutic applications, particularly in the treatment of neurological disorders. Researchers explore its derivatives for their ability to interact with specific receptors in the brain, which may lead to the development of new drugs targeting conditions like anxiety, depression, or cognitive impairments. Additionally, its unique chemical framework is studied for its potential in designing enzyme inhibitors, which could be useful in treating diseases caused by abnormal enzyme activity.