This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. Its structure is particularly valuable in the development of drugs targeting the central nervous system, where it can be modified to enhance binding affinity to specific receptors. Additionally, it serves as a building block in the creation of compounds with potential applications in treating neurological disorders, such as Parkinson's disease and schizophrenia. Its versatility also extends to its use in the design of enzyme inhibitors, which are crucial in regulating biochemical pathways associated with disease progression. Researchers often leverage its spirocyclic framework to improve the pharmacokinetic properties of drug candidates, making it a valuable asset in drug discovery and development.