This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its spirocyclic structure is often explored for its potential to interact with specific receptors in the brain, making it valuable in the development of drugs for conditions like anxiety, depression, and schizophrenia. Additionally, its unique chemical framework is studied for its potential in creating novel therapeutic agents with improved efficacy and reduced side effects. Researchers also investigate its role in modulating enzyme activity and its potential applications in treating neurodegenerative diseases.