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 bioactive molecules, particularly those targeting neurological disorders. Its structural framework is often incorporated into the development of potential therapeutic agents due to its ability to interact with specific receptors in the central nervous system. Researchers explore its derivatives for their potential in treating conditions such as depression, anxiety, and schizophrenia. Additionally, its unique spirocyclic structure makes it a valuable scaffold in drug discovery, enabling the creation of compounds with enhanced selectivity and efficacy.