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 neurological disorders, including those related to the central nervous system. The compound's ability to act as a precursor in the creation of biologically active molecules has led to its application in the research and development of potential treatments for conditions such as depression, anxiety, and other mood-related illnesses. Additionally, it is explored in the design of novel compounds with potential therapeutic effects in combating neurodegenerative diseases. Its role in drug discovery underscores its importance in advancing new treatments and improving existing therapies.