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 makes it a valuable building block for developing compounds with potential therapeutic effects, such as modulators of neurotransmitter systems. Additionally, it is employed in the creation of novel drug candidates for treating conditions like anxiety, depression, and cognitive impairments. Its unique chemical framework also facilitates the exploration of new pharmacological pathways and the optimization of drug efficacy and safety profiles.