This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various pharmaceutical agents, particularly those targeting neurological and psychiatric disorders. Its spirocyclic structure is advantageous in designing molecules with enhanced binding affinity and selectivity for specific biological targets, such as receptors or enzymes involved in brain function. Researchers often employ it in the creation of potential treatments for conditions like depression, anxiety, and cognitive impairments. Additionally, its unique chemical framework makes it a valuable building block in the exploration of novel therapeutic compounds, contributing to advancements in drug discovery and development.