This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of biologically active molecules. Its spirocyclic structure and functional groups make it a valuable building block for designing drugs targeting neurological disorders, particularly those involving the modulation of neurotransmitter systems. It is also employed in the development of potential therapeutic agents for psychiatric conditions, owing to its ability to interact with specific receptors in the brain. Additionally, its unique chemical framework is explored in medicinal chemistry for creating novel compounds with enhanced pharmacokinetic properties.