This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of complex molecules, particularly those targeting neurological disorders. Its structure is valuable for developing inhibitors or modulators of specific enzymes or receptors involved in brain function. Researchers often employ it in the design of potential drug candidates for conditions like Alzheimer's disease, Parkinson's disease, or other neurodegenerative ailments. Additionally, its unique spirocyclic framework makes it a useful building block in organic synthesis, enabling the creation of novel compounds with potential therapeutic applications. Its role in drug discovery highlights its importance in advancing treatments for challenging medical conditions.