This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its unique spirocyclic structure makes it a valuable building block for developing drugs that target central nervous system disorders, such as anxiety and depression. Additionally, it is employed in the creation of compounds with potential anti-inflammatory and analgesic properties. Researchers also explore its use in designing molecules for treating neurodegenerative diseases, leveraging its structural complexity to enhance drug efficacy and selectivity.